Closing of the next M30 below its current low 1.34124, will take it at least to mid of channel. Opening sell trades or keeping sell trades if the next M30 closes above 1.34185, current candle’s high, is a risky idea.

USD/JPY didn’t move much because the market already had forecasted 25 basis point hike, there was no surprise. Upward break of the triangle may lead the pair to the nearest resistance 160.60 (triangle’s high) - 160.70 (swing high of April 30) area. Downward break will push it to 159.50 area, pretty close to swing low made on June 11.

EUR/USD trading plan ahead of US CPI

Non-farm payroll (NFP) trading plan, May 8, 2026

USD/JPY trading plan ahead of US PCE: U/J went below 159.40 as Japan Fin Min stated BOLD action, however, it may bounce bank to 160-160.40 if PCE comes more than forecast or neutral. Alternatively, it may fall today to 158.25-50 in case of negative PCE.

EUR/USD and GBP/USD trading plan when US and Iran are at an impasse, and PMIs are not moving market.

DXY may remain bearish as it fails to close above 98.5. CAD and CHF are the biggest gainers against USD

Made a trading plan having compared EUR, GBP, USD, JPY as US-Iran conflict ended into opening Strait of Hormuz, which may remain open for commercial ships at least as long ceasefire prevails.