Forex Technical Major Pairs Analysis – July 25, 2025
Original article by Nikola Nikolic, sourced from FXDailyReport.com
The following analysis presents an in-depth outlook on major currency pairs in the foreign exchange market for July 25, 2025. Based on current chart patterns, trend lines, and key support and resistance levels, traders can gain a strategic edge in navigating the price action of the most traded forex pairs. The market continues to show a mixed sentiment across various pairs as central bank policies, economic indicators, and geopolitical events contribute to widespread volatility and price swings.
EUR/USD: Holding Above Crucial Support
The EUR/USD pair maintains a steady position near the 1.1100 support level, bouncing back after recent bearish attempts.
– Price action suggests continued upward momentum following recent consolidation between 1.1030 and 1.1150
– The euro gains modest support amid stabilizing sentiment in the eurozone and decreasing U.S. Treasury yields
– The pair remains above both the 50-day and 100-day moving averages, indicating a bullish undertone
– RSI remains in neutral territory around 53, suggesting there is potential for further upside before reaching overbought conditions
Traders should watch for:
– Sustained price action above the 1.1100 level signaling confidence in bullish continuation
– Resistance near 1.1180, followed by the psychological 1.1200 level
– A break below 1.1030 would shift outlook to bearish, risking further declines toward 1.0950
GBP/USD: Consolidating Near Resistance
The GBP/USD pair continues to consolidate below the 1.2950 resistance, showing caution ahead of upcoming economic releases in the UK.
– The pair has been moving within a rising wedge pattern
– Key resistance is noted near 1.2950, with additional resistance at 1.3000
– Support stands at 1.2800, a level that has held firm in previous sessions
– Momentum indicators suggest limited strength, indicating a possible breakout or breakdown looming
Key observations:
– Bulls need to push beyond the 1.2950–1.3000 zone to confirm bullish continuation
– A break below 1.2800 could shift sentiment toward bearish territory
– UK inflation and labor data will likely be critical in determining the next directional move
USD/JPY: Correction Ahead After Bullish Rally
The USD/JPY pair retreats from recent highs as it continues its correction phase following a strong bullish run.
– The pair recently reached a peak near 142.50 before retreating to the 140.60 support zone
– Price action reveals signs of exhaustion as RSI turns downward from overbought levels
– The 100-day moving average serves as a key dynamic support near 139.80
– Traders are watching for a potential double top forming near 142.50
Potential scenarios:
– A bounce from current support at 140.60 could lead to another test of the 142.50 resistance
– A break below 139.80 might open the door for deeper retracements toward 138.50 and possibly 137.20
Market sentiment appears mixed as traders weigh U.S. economic strength against shifts in expectations for Bank of Japan policy normalization.
USD/CHF: Stalling Ahead of Key Resistance
The USD/CHF currency pair trades with a consolidative tone, facing resistance near the 0.8750 level.
– The price has been confined within a short-term upward channel
– Momentum indicators, including the MACD and RSI, show divergence, hinting at slowing momentum
– Support lies around 0.8620, considered a key pivot for the near term
– Resistance at 0.8750 has capped previous rallies, forming a critical ceiling for bulls
Outlook remains cautiously bullish as long as the pair maintains higher lows, though any failure to break above resistance may invite sellers.
– Key support
Read more on EUR/USD trading.