#tradeoftheweek Here are two notable "Trade of the Week" ideas from leading market analysts for the week of May 6, 2025:

📉 IG UK: Short USD/JPY

Analyst: Axel Rudolph, Senior Technical Analyst at IG UK

Trade Idea: Initiate a short position on USD/JPY around ¥144.00.

Target: ¥138.00

Stop Loss: Above ¥146.00

Rationale:

Rudolph observes that the USD/JPY pair is resuming its medium-term downtrend. He identifies an Elliott Wave ABC correction pattern, suggesting a continuation of the bearish trend. The pair has broken below key support levels, indicating potential further declines. The strategy involves shorting the pair at current levels with a stop loss above recent highs,