**Forex Major Pairs Technical Analysis – October 24, 2025**
*Original Credit: FXDailyReport.com*
The foreign exchange market remained volatile as traders reacted to global monetary policy stances, speculations about interest rates, and geopolitical developments. On October 24, 2025, major currency pairs showed significant price movements, reflecting investor sentiment and macroeconomic influences. Below is a comprehensive technical analysis of the major forex pairs. This report presents detailed insights, including key support and resistance levels, chart patterns, and price action commentary.
**EUR/USD**
The EUR/USD attempted a moderate gain on the recent trading day but met resistance. The recent recovery appears to stall as sellers protect levels near previous highs.
– The pair tried to build bullish momentum but failed to break above the resistance near 1.0700.
– There is an emerging descending trendline visible on the daily chart.
– Key resistance lies at:
– 1.0700
– 1.0750
– Support levels are identified at:
– 1.0600
– 1.0550
The pair may consolidate between 1.0600 and 1.0700 in the short term. The direction could depend heavily on U.S. economic data and the European Central Bank’s next monetary policy guidance. A breakout above 1.0700 may initiate an upward push toward 1.0800, while a breakdown below 1.0600 may encourage further bearish continuation.
**GBP/USD**
GBP/USD has been attempting to hold gains after rebounding from near the 1.2100 level. The technical setup suggests a possible bullish continuation if certain resistance levels are cleared.
– The pair managed to climb above a key trendline and is currently trading just below 1.2200.
– Momentum indicators like RSI and MACD show signs of recovery, though with caution.
Important technical levels:
– Resistance:
– 1.2200
– 1.2300
– Support:
– 1.2100
– 1.2000
Traders should observe if the bulls can breach 1.2200 decisively. If successful, GBP/USD could move toward a retest of the 1.2300 swing high. A failure to sustain above support at 1.2100 could reinforce bearish sentiment, targeting 1.2000 in the near future.
**USD/JPY**
The USD/JPY pair has maintained a strong bullish trajectory, primarily supported by the Federal Reserve’s hawkish tone and a widening policy divergence between the Bank of Japan and the Fed.
– The pair is trading near multi-decade highs as it pushes against the psychological level of 150.00.
– Price action remains within an ascending channel, with higher highs and higher lows playing out on the daily chart.
Crucial levels to monitor:
– Resistance:
– 150.00 (psychological and technical)
– 151.90
– Support:
– 149.00
– 147.50
There are expectations that Japanese authorities could intervene if the exchange rate breaches and sustains above the 150.00 level. Market participants should be cautious of any fundamental shifts or surprise comments from Bank of Japan officials regarding currency stability.
**USD/CHF**
The USD/CHF pair is in a consolidation phase, as the market processes recent Swiss inflation data and U.S. bond market performance.
– After testing the 0.9000 level, the pair is retracing slightly and is currently rangebound.
– The chart shows a symmetrical triangle forming, suggesting a potential breakout in either direction.
Technical indicators:
– Resistance:
– 0.9000
– 0.9050
– Support:
– 0.8920
– 0.8860
A decisive breakout above 0.9000 could initiate a bullish run toward 0
Read more on EUR/USD trading.