WE FOREX

Buy Limit USDJPY - Bullish - We look to Buy at 158.95

▪ The rally was sold and the dip bought resulting in mild net losses yesterday.
▪ Due to an Ending Wedge formation, we continue to treat extended gains with caution.
▪ A Fibonacci confluence area is located at 160.08.
▪ Trading close to the psychological 160.00 level.
▪ There is no clear indication that the upward move is coming to an end.

Confidence: ⭐⭐⭐
⛔ Stop: 158.6
🎯 Target 1: 160
🎯 Target 2: 160.08
⌛ Expires: 2026-05-29 20:00 (GMT+00:00)

Open Live Account Legal: HFM Investments Ltd is authorized by the Capital Markets Authority in the Republic of Kenya as a non-dealing online foreign exchange broker with licence no. 155.

Buy Limit GBPUSD - Bullish - We look to Buy at 1.3345

▪ We are trading at oversold extremes.
▪ Price action looks to be forming a bottom.
▪ This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
▪ Preferred trade is to buy on dips.
▪ Bespoke support is located at 1.3345.

Confidence: ⭐⭐⭐
⛔ Stop: 1.3301
🎯 Target 1: 1.347
🎯 Target 2: 1.3515
⌛ Expires: 2026-05-29 05:00 (GMT+00:00)

Open Live Account Legal: HFM Investments Ltd is authorized by the Capital Markets Authority in the Republic of Kenya as a non-dealing online foreign exchange broker with licence no. 155.

Sell Limit USD/JPY - Bearish - We look to Sell at 157.95

▪ Posted mild net daily gains but all trading confined to the previous days range, an indecisive Inside Day.
▪ Buying posted in Asia.
▪ Bespoke resistance is located at 157.95.
▪ Previous support, now becomes resistance at 157.88.
▪ Preferred trade is to sell into rallies.

Confidence: ⭐⭐⭐
⛔ Stop: 158.55
🎯 Target 1: 156
🎯 Target 2: 153.65
⌛ Expires: 2026-05-08 20:00 (GMT+00:00)

Open Live Account Legal: HFM Investments Ltd is authorized by the Capital Markets Authority in the Republic of Kenya as a non-dealing online foreign exchange broker with licence no. 155.

Sell Stop XAU/USD - Bearish - We look to Sell a break of 4686

▪ A 5 wave bullish count has been completed at 4764.
▪ Selling pressure from 4764 resulted in all the initial daily gains being overturned.
▪ A Doji style candle has been posted from the high.
▪ A bearish Head and Shoulders is forming.
▪ A break of 4686 is needed to confirm follow through negative momentum.
▪ The formation has a measured move target of 4605.

Confidence: ⭐⭐
⛔ Stop: 4726
🎯 Target 1: 4605
🎯 Target 2: 4587
⌛ Expires: 2026-05-08 20:00 (GMT+00:00)

Open Live Account Legal: HFM Investments Ltd is authorized by the Capital Markets Authority in the Republic of Kenya as a non-dealing online foreign exchange broker with licence no. 155.

Buy Limit GBP/USD - Bullish - We look to Buy at 1.3560

▪ Price action looks to be forming a bottom.
▪ This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
▪ We look to buy dips.
▪ We look for a temporary move lower.
▪ Bespoke support is located at 1.3560.

Confidence: ⭐⭐⭐
⛔ Stop: 1.3515
🎯 Target 1: 1.3689
🎯 Target 2: 1.372
⌛ Expires: 2026-05-08 20:00 (GMT+00:00)

Open Live Account Legal: HFM Investments Ltd is authorized by the Capital Markets Authority in the Republic of Kenya as a non-dealing online foreign exchange broker with licence no. 155.