Title: In-Depth Forex Technical Analysis for Major Currency Pairs – August 13, 2025
Source Credit: Article originally written by FXDailyReport.com
The latest technical analysis of major forex pairs for August 13, 2025, reveals evolving market dynamics impacted by global economic sentiment, monetary policy speculation, and technical developments. Below is an expanded breakdown of key forex pairs including EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, and USD/CHF, offering insights into potential trends, key support and resistance levels, and market bias.
EUR/USD – Sideways Consolidation Continues
The EUR/USD continues trading within a tight consolidation zone, with price hovering just above the 1.0900 level. The pair lacks strong directional momentum as traders await cues from upcoming Eurozone economic data and Federal Reserve commentary.
– Technical Bias: Neutral
– Previous Close: ~1.0935
– Current Range Support: 1.0850
– Key Resistance: 1.1000
Price action suggests that buyers are defending the lower bound near 1.0850, while sellers cap the upside at 1.1000. A breakout will likely determine the next directional move.
Bullish Scenario:
– A daily close above 1.1000 resistance could trigger a rally toward 1.1100 and then potentially challenge 1.1200 in the near term.
– Momentum indicators like the RSI and MACD are neutral but showing potential for bullish divergence if price starts forming higher lows.
Bearish Scenario:
– A break below 1.0850 may open the path toward 1.0780 as the next target, followed by 1.0700 if bearish momentum increases.
Traders should monitor the pair for any breakout confirmation before establishing medium- or long-term positions.
GBP/USD – Anticipating Breakout as Pound Maintains Consolidation
GBP/USD is stuck in a tight consolidation range with minimal volatility, waiting for a catalyst.
– Technical Bias: Neutral-to-Slightly Bullish
– Previous Close: ~1.2760
– Immediate Support: 1.2700
– Key Resistance Level: 1.2800
Although the British pound remains in a sideways trading structure, the ascending channel in the broader timeframe still holds. This provides a slight bullish bias as long as no substantial breakdown occurs.
Key Observations:
– RSI remains above the 50 neutral line, showing modest bullish pressure.
– Price staying above the moving averages suggests prevailing upward momentum has not entirely faded.
Bullish Outlook:
– If the pair breaks above 1.2800, it could target 1.2900 in the short term and possibly retest 1.3000 within a few weeks.
– Hawkish sentiment from the Bank of England could support bullish continuation.
Bearish Risks:
– A move below 1.2700 might undermine the bullish structure and open the way to 1.2600 or lower levels if risk sentiment deteriorates.
Investors are advised to wait for technical confirmation of direction before entering large-volume trades.
USD/JPY – Strong Bullish Momentum Resumes
Following its recent retracement, USD/JPY has resumed an upward trajectory. The pair bounced significantly from its near-term support near the 141.00 area and looks poised to retest previous highs.
– Technical Bias: Bullish
– Previous Close: ~144.20
– Immediate Support: 143.00
– Key Resistance Levels: 145.00 and 146.50
A strengthening U.S. dollar combined with higher U.S. Treasury yields contributes to the pair’s rally, aided further by the Bank of Japan’s ongoing dovish tone.
Bullish Forces:
– The ascending channel remains intact, and price is trading well above the 50 and 200 SMAs.
– MACD crossed positively, indicating strong buying momentum.
– If price breaks 145.00 resistance, we may
Explore this further here: USD/JPY trading.