Forex Technical Major Pairs Analysis – August 13, 2025
Original article by Watson Wang on FXDailyReport.com
The forex market showed mixed momentum on August 13, 2025, with major currency pairs moving within their respective technical ranges. Traders are taking a cautious approach ahead of key economic events, including global inflation data releases and central bank speeches. Below is a comprehensive technical analysis of some of the major forex pairs, including EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD.
EUR/USD
The EUR/USD made a modest rebound after touching a recent low near 1.0900. However, the pair continues to trade within a prevailing downward channel, and overall bearish sentiment remains intact unless a strong reversal pattern emerges.
Key Technical Highlights:
– The immediate support level is seen at 1.0900, which acted as a strong floor recently. A breakdown below this could see price testing deeper lows near 1.0850 or even 1.0800.
– On the upside, the pair faces resistance around 1.1000. If buyers push the pair above this level, it could encourage further recovery toward 1.1050.
– The Relative Strength Index (RSI) is hovering near 40, suggesting that there is no major bullish momentum yet, but it’s not in the oversold zone.
– The moving averages are exhibiting a downward sloping pattern, with the 50-day MA currently acting as dynamic resistance.
Trading Strategy:
– Short positions remain favored, especially on rallies toward 1.1000.
– Traders may consider long positions only if the pair makes a confirmed breakout above 1.1050 and holds above it for several sessions.
Fundamental Insight:
– The euro is being weighed down by weak economic data from the Eurozone, especially Germany’s industrial production figures.
– The upcoming release of the Eurozone GDP and inflation data could give the pair direction.
GBP/USD
The British pound remains under pressure against the US dollar, trading below the 1.2700 handle. GBP/USD continues its downtrend from the peak established earlier this quarter. Political uncertainty surrounding the UK’s economic outlook and interest rate policy is contributing to the selling pressure.
Key Technical Levels:
– Immediate support is witnessed around 1.2650. A break below may push the pair toward the critical 1.2600 zone.
– Resistance lies at 1.2750 and 1.2800. Bulls need a clear push above 1.2800 to suggest a near-term trend reversal.
– MACD indicators suggest continued selling momentum, with histogram levels in negative territory.
– SMA indicators show that the 20-day and 50-day lines are curving downward, reinforcing the bearish trend bias.
Trading Outlook:
– Traders might consider initiating short positions near resistance zones around 1.2750 to 1.2800 with tight stop losses.
– Long setups are not ideal at this stage unless a sustained close above 1.2800 occurs, along with improving macro data from the UK.
Fundamental Backdrop:
– The Bank of England remains dovish amid weaker-than-expected UK inflation figures and soft economic growth signs.
– Traders are also closely watching wage growth and retail sales numbers after mixed labor market results last week.
USD/JPY
USD/JPY continues trading above the significant psychological and technical support of 142.00, maintaining a bullish tone in the short term. Despite some resistance near the 144.00 region, buyers seem to be in control, sustained by rising US Treasury yields and investor confidence in US economic resilience.
Technical Assessment:
– The pair remains firmly above the short-term support line at 142.00, with immediate upside resistance located at 144.00.
– Further bullish continuation could open targets toward the multi-week highs around 145.50.
– RSI indicators are hovering near the 60 levels, suggesting strong buying interest.
– Price remains above both the
Explore this further here: USD/JPY trading.