The Japanese Yen could regain some footing as retail traders increase their upside exposure in pairs like USD/JPY and GBP/JPY, offering important contrarian indicator signals.

Can the US Dollar keep gaining ground?

The bull case for global growth remains, and energy should be in strong demand. But there’s at least one near-term concern.

Gold plunged 1% into the weekly open with XAU/USD threatening a break below key support ahead of the June close/NFP. The levels that matter on the Gold technical chart.

The Euro is rolling down towards the recent lows and if weakness continues beyond there a broader technical pattern could come into play.

USD/CAD looked shaky last week as a pullback appeared poised for a reversal, but signs of strength are starting to strengthen a bullish trading bias.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.

The New Zealand Dollar may be readying to resume losses against the US Dollar after a Dead Cat Bounce. NZD/JPY and NZD/CAD trade lower, with both pairs facing key wedge chart patterns.

The US Dollar struggled to extend gains against most ASEAN currencies this past week. Could its momentum be rekindled looking at USD/SGD, USD/THB, USD/IDR and USD/PHP?

USD/JPY has lacked conviction and has been unable to decisively climb above the 111.00 resistance level, but a breakout and a large move could be in the offing.