J.J. Edwards’ Expert Market Analysis at FenzoFx

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GBPJPY: Liquidity Sweep Triggers Downside 

FenzoFx—GBP/JPY swept the previous day's high, forming a bearish long-wick candle with resistance at 200.2.  A bearish fair value gap appeared on the 5-minute chart, signaling increased selling pressure after liquidity was swept. 

Technically, GBP/JPY may first target the Asia low at 199.4. If bearish momentum continues, the move could extend to the previous day's low at 198.7. This outlook is invalidated if the pair closes above today's high at 200.3.

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Gold: Bearish Momentum Poised to Resume

FenzoFx—Gold opened the London session by sweeping liquidity below the previous day's low and is now consolidating above the $3,342.0 support. 

Technically, bearish momentum is expected to resume. A break below $3,342.0 could lead XAU/USD to partially fill the bullish FVG, with support at $3,314.0.

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Bitcoin Cash: Bearish Setup Awaits Liquidity Sweep

FenzoFx—Bitcoin Cash continues its bullish momentum, currently trading around $609.5. The uptrend is expected to persist, with BCH targeting the December 2024 high of $640.0.  Once liquidity above this level is cleared, bearish setups may will likely come into play.

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Bitcoin Tests Key Support at $115K

FenzoFx—Bitcoin's downtrend extended to $115,000, filling the bullish fair value gap now acting as support. The current price equals 25.0% of the previous bullish leg. If BTC closes and stabilizes below $115,000.0, the downtrend may deepen toward the $112,000.0 support order block.

Conversely, a close above $117,445.0 would invalidate the bearish outlook. This level marks the last bearish candlestick pattern and a break of structure. If confirmed, BTC/USD could recover recent losses, targeting resistance at $119,339.0.

[FenzoFx]

BCH Consolidates Below $620 Highs

FenzoFx—Bitcoin Cash is consolidating after forming equal highs at $620.0. While the trend remains bullish, the current phase may push toward lower support.

Equal highs signal low liquidity, often followed by a move to lower levels before a rally. The bullish order block at $514.0 is a key discount level, offering a potential entry for buyers targeting $640.0 resistance.