Forex Market Overview for 6.05.2026
Hello. Below will be several recommendations for trading on the Forex market for 6.05.2026.
USDJPY
On the major pairs everything is unchanged, let us look at USDJPY. Last week they made an interesting run below the lower boundary of the 157.50 range and have now returned into it on a pullback. Here it is probably not worth rushing into trades yet. I am interested in the price reaction around levels 158,41 and 158,93, this is 50% of the FVG left after the impulse and 50% of the whole sideways range. At these levels I will be looking at sells, with targets for a move down toward the lows of 152,13. I am not considering buys here for now.
Respectfully, Artem aka TeaDrinker
USDJPY forecast with key reaction levels at 158,41 and 158,93 after a return into the range, with downside targets toward the 152,13 lows.