Original article credit: F.X. traders at FXDailyReport.com
Original link: https://fxdailyreport.com/forex-technical-major-pairs-analysis-october-24-2025/
Forex Technical Major Pairs Analysis – October 24, 2025 (Expanded Edition)
The forex market continues to reflect key global economic trends as major currency pairs show varying signs of continuation, reversal, or consolidation. As of October 24, 2025, the technical setups for major forex pairs reveal potential directional outlooks traders should monitor closely. Below is an expanded insight into the technical landscape for the top currency pairs, evaluating price actions, patterns, key support/resistance points, and potential trade strategies.
EUR/USD
Recent Performance:
– The EUR/USD pair has been moving steadily within a bullish channel that began in early October.
– The price has recently crossed the 1.0700 level, reinforcing buyer momentum.
Current Technical Setup:
– The pair is trading above both the 50-period and 200-period moving averages on the 4-hour chart.
– RSI (Relative Strength Index) is close to overbought territory, sitting around 68, indicating bullish momentum but signaling caution.
– MACD continues to show bullish divergence, with the signal line remaining above the zero level.
Key Levels to Watch:
– Immediate resistance lies at 1.0750, a recent consolidation point that may trigger profit-taking.
– If the 1.0750 level breaks cleanly, the next resistance can be expected around 1.0800.
– On the downside, 1.0700 remains the nearest support, with stronger support around 1.0650.
Trading Strategy:
– A breakout above 1.0750 could open a path to 1.0800 and potentially 1.0850 if bullish conditions persist.
– Bearish reversal signals near 1.0750 should trigger caution for long holders and may present short opportunities down to 1.0650.
– Traders should monitor European Central Bank (ECB) announcements and U.S. economic data, as these can impact EUR/USD volatility.
GBP/USD
Recent Performance:
– The British pound has shown signs of stabilization against the U.S. dollar after weeks of downside pressure.
– GBP/USD has now formed a short-term double-bottom pattern around the 1.2100 level.
Technical Indicators:
– The pair is consolidating above its 20-day EMA, indicating a potential trend reversal from bearish to bullish.
– RSI is leaning toward the midpoint at 52, indicating balance but hinting at emerging bullishness.
– MACD histogram shows reducing bearish momentum.
Key Price Areas:
– Resistance is forming at 1.2250, a recent high that has been tested twice within the month.
– A further upward push would bring 1.2350 into play.
– On the downside, support remains firm at 1.2100. Any break below this would challenge the psychological 1.2000 handle.
Trade Considerations:
– A daily close above 1.2250 would signal a possible bullish continuation toward 1.2350 and even 1.2500 in the medium term.
– Failure to sustain a move above 1.2250 could bring the price back toward support at 1.2100 and potentially lower.
– With the Bank of England’s monetary policy decisions pending, GBP traders should brace for volatility.
USD/JPY
Recent Performance:
– USD/JPY continues to press higher amid strong dollar demand and the Bank of Japan’s ongoing dovish stance.
– The pair has breached the 150.00 mark, an important psychological barrier.
Technical Outlook:
– Strong bullish momentum is confirmed by the RSI reading around 72, indicating overbought conditions.
– Price action remains well above major upward trendlines and the short-term 20, 50, and 100-day moving averages.
– MACD lines are trending higher above zero, suggesting continuation of bullish
Explore this further here: USD/JPY trading.