Title: In-Depth Technical Analysis of Major Forex Pairs – October 24, 2025
Original Author: Ahmad Nur Hadi (Published on FXDailyReport.com)
Rewritten by: [Your Name/Platform Name]
In this analysis, we explore the latest technical developments of major forex currency pairs based on the market outlook for October 24, 2025. This detailed update provides traders with potential key levels, trend continuations, and reversal areas to consider for their future trading decisions. The analysis covers the Euro/US Dollar (EUR/USD), British Pound/US Dollar (GBP/USD), US Dollar/Japanese Yen (USD/JPY), US Dollar/Canadian Dollar (USD/CAD), Australian Dollar/US Dollar (AUD/USD), and US Dollar/Swiss Franc (USD/CHF) pairs.
EUR/USD Technical Analysis
– The EUR/USD pair moved lower again on the most recent trading day and closed under the 1.0600 handle. The currency pair appears to be heading lower after breaking out of its range.
– As of now, the pair is attempting to retest the broken level around the 1.0600 area, which could act as resistance going forward.
– Traders must monitor this retest closely. Should the pair show confirmed bearish rejection at that level, this could be an opportunity for short setups in anticipation of the continuation of the downtrend.
– If EUR/USD breaks back above 1.0600 and holds, the possibility of a reversal or a false breakout must be considered.
Key Technical Outlook:
– Major Support Levels: 1.0500, 1.0450
– Major Resistance Levels: 1.0600, 1.0650
– RSI Status: Pointing to further downside pressure
– Market Bias: Bearish as long as price stays below 1.0600
GBP/USD Technical Analysis
– The GBP/USD pair failed to post a new significant high and experienced a shift toward bearish territory after repeated rejection by the 1.2300 level.
– The currency pair dropped below the 1.2200 support level and now trades closer to the 1.2100 handle.
– Based on the current formation, the pair broke out of an upward channel and is now returning to test the broken lower boundary of that channel.
– A bearish continuation scenario seems probable unless the pair finds strong support and bounces back convincingly.
Key Technical Outlook:
– Major Support Levels: 1.2100, 1.2050
– Major Resistance Levels: 1.2200, 1.2300
– RSI Status: Indicating fading bullish momentum
– Market Bias: Bearish in the short term while below 1.2200
USD/JPY Technical Analysis
– The USD/JPY pair continues to make new highs amidst sustained bullish momentum. On the last session, it touched 150.00, a key psychological and technical resistance level.
– Traders should watch this area closely because historically, 150.00 has triggered interventions by authorities due to concerns about excessive yen weakness.
– As long as price action remains constructive and above key short-term EMAs, momentum remains in favor of bulls, but caution for sharp pullbacks is advised near overextended highs.
Key Technical Outlook:
– Major Support Levels: 149.00, 148.50
– Major Resistance Levels: 150.00, 151.50
– RSI Status: Overbought but no bearish divergence yet
– Market Bias: Bullish above 149.00, potential retracement if price fails at 150.00
USD/CAD Technical Analysis
– The USD/CAD pair remains bullish after bouncing higher from the 1.3600 support region.
– Current trading shows price action climbing toward 1.3800, a key resistance zone that could attract sellers.
– If the pair can break above 1.3800 convincingly, it may lead to a
Explore this further here: USD/JPY trading.