Original article by F.X. Explorers, published on FXDailyReport.com
Forex Technical Major Pairs Analysis – August 19, 2025 (Expanded and Rewritten Summary)
The forex market on August 19, 2025, opened to technical conditions that suggest potential trends and key levels to monitor among the major currency pairs. Below is a comprehensive analysis of each major pair based on price action, support/resistance levels, and momentum indicators. This report serves as a helpful tool for traders aiming to make informed decisions based on recent price patterns and projected movement.
EUR/USD – Price Correction Might Extend
The EUR/USD pair continues moving lower after failing to maintain its position above the 1.0900 resistance. Downward momentum pushed the pair closer to the 1.0800 level. This level is a short-term support zone closely watched by traders, but a break below it could fuel further downside.
– Recent price action shows rejection at the 1.0900–1.0915 resistance range.
– The 1.0800 level is acting as support; a bearish breakout may trigger a move toward 1.0700.
– MACD histogram suggests increasing bearish momentum.
– RSI is approaching oversold territory, which could lead to a temporary bounce if the 1.0800 level holds.
Outlook: Traders should watch for a daily close below 1.0800. If it materializes, bears may gain control and force additional downside. However, a bounce from this level would mean sideways consolidation may continue within the 1.0800–1.0900 range in the coming sessions.
GBP/USD – Consolidation Near Key Resistance
The GBP/USD continues its choppy consolidation and struggled to sustain gains above 1.2750. The market is indecisive after several sessions in a tight range.
– Price hit resistance near 1.2750 and faced a minor rejection.
– Immediate support lies around 1.2650 followed by 1.2550.
– Strong resistance exists at 1.2800–1.2840; a breakout above these levels is required for a bullish continuation.
– RSI remains neutral, offering no clear directional signal.
Outlook: For bullish trades, a push above 1.2800 followed by a confirmation will offer upside potential to test 1.2900. On the downside, failure to hold 1.2650 may reintroduce bearish pressure, potentially dragging the pair toward 1.2550 or lower.
USD/JPY – Trend Maintains Upward Momentum
USD/JPY extended its rally above 146.00 and climbed toward the 147.00 resistance level. Yen weakness and continued dollar strength are the primary driving forces behind this rally.
– Price is establishing higher highs and higher lows, a sign of a strong uptrend.
– Key resistance sits at 147.00, which corresponds with a multi-month high.
– Support is expected around the 145.50–145.20 range.
– MACD and RSI both support bullish continuation; however, RSI is nearing overbought conditions.
Outlook: A sustained break above 147.00 will open the path to test the 148.50 mark. Conversely, a daily close below 145.50 could prompt a bearish pullback. Given the current bullish strength, traders should remain cautiously optimistic unless reversal confirmation appears.
AUD/USD – Downtrend Weakens Near Support
The AUD/USD pair has finally found some stability near the 0.6375 support area following several bearish sessions. The pair had dipped during risk-off sentiment but shows signs of a temporary bottoming.
– Current support: 0.6375
– Resistance: 0.6450 followed by 0.6500
– RSI has rebounded from oversold conditions.
– MACD is still bearish but signals slower downside momentum.
Outlook: If price holds above 0.6375 and manages to post a bullish reversal
Explore this further here: USD/JPY trading.