Forex Technical Major Pairs Analysis – August 15, 2025
By FXDailyReport.com
The global foreign exchange (forex) market is witnessing significant movement as traders react to key economic data, central bank announcements, and shifting market sentiment. The analysis of major currency pairs provides valuable insights into potential price direction as technical indicators continue to paint varying pictures across multiple charts. Here’s a detailed breakdown of the major currency pairs as of August 15, 2025.
EUR/USD – Facing Resistance but Maintains Bullish Potential
– The EUR/USD pair has displayed a steady upward trajectory in recent sessions, supported by Thursday’s data from the Eurozone that exceeded expectations.
– The pair is navigating key resistance levels. The 1.0970 area is proving to be a strong supply zone, halting the bullish momentum temporarily.
– Momentum indicators such as the RSI continue to hover in bullish territory, suggesting buyers retain an overall advantage.
Technical Outlook:
– Immediate resistance: 1.0970–1.1000 zone
– Key support: 1.0900 and then 1.0830
– Sustained buying above 1.1000 could lead to further gains toward the 1.1100 area
– A decline below the 1.0900 level may bring pressure toward the 1.0830 support
Traders should monitor the direction of U.S. Treasury yields and Eurozone economic data for further clarity in price action. As long as EUR/USD maintains its footing above 1.0900, the short-term outlook remains positive.
GBP/USD – Bulls Defend Near-Term Support
– The British pound continues to benefit from a resilient economy and relatively hawkish tone by the Bank of England in recent statements.
– GBP/USD has traded sideways in recent sessions but continues to hold above the critical 1.2700 support.
– Price action has formed a symmetrical triangle pattern, suggesting a breakout may occur in the coming sessions.
– A bullish breakout may drive the pair toward the 1.2900 resistance level.
Key Technical Levels:
– Resistance: 1.2820 followed by 1.2900
– Support: 1.2700 and then 1.2600
– RSI is just below overbought but still points upward, indicating room for more gains
As long as bulls defend 1.2700, GBP/USD retains a positive bias. Traders should look out for the release of UK retail sales data and developments in UK political negotiations with global trading partners.
USD/JPY – Rejection at Resistance Inspires Bearish Pullback
– The USD/JPY pair recently tested the 146.00 resistance area, a level that has historically generated seller interest.
– After failing to break and close above this level, price has shifted lower toward the 144.00 support.
– The Relative Strength Index (RSI) has started to trend down after reaching overbought levels, indicating increased selling pressure.
Key Technical Considerations:
– Resistance: 146.00 and 147.30
– Support: 144.00 and then 142.20
– A break below 144.00 in the coming days could accelerate bearish momentum towards 142.20
– A daily close above 146.00 reinstates bullish bias, eyeing 147.30 next
The yield spread between U.S. and Japanese government bonds will continue to influence USD/JPY. BoJ’s monetary policy stance, when compared to the Fed, will be a critical factor to monitor.
AUD/USD – Bearish Sentiment Persists Despite RBA’s Neutral Tone
– The Australian dollar remains under pressure against the greenback due to a softer outlook on China’s economy and weakness in commodity prices.
– The Reserve Bank of Australia maintained its neutral tone in its latest minutes, offering no fresh catalysts for Australian dollar strength.
– The AUD/USD pair is trading just above its major support at 0.6480, which
Read more on EUR/USD trading.