Weekly Forex Outlook by Matías Salord at FXStreet highlights key levels and risks for EUR/USD, GBP/USD, AUD/USD amid mixed economic data and central bank uncertainty. Watch for EUR’s resistance near 1.1020, GBP capped below 1.2800, and AUD pressured by commodity weakness and RBA caution. Stay alert to inflation reports and Fed updates shaping market direction.
USD/JPY maintains strong bullish momentum, closing above 157.00 with eyes on key resistance at 158.00 and the major 160.00 psychological level. Supported by strong US data and Fed hawkishness, while BoJ easing weighs on the yen. Technicals signal further upside but watch for potential consolidation. #Forex #USDJPY #ForexTrading
US Dollar stalls at key resistance near 106.53 after a strong rally but maintains its long-term bullish trend. Short-term pullback may offer buying opportunities ahead of possible breaks toward 107.20 and 109.10. Fundamentals and Fed policy continue to underpin USD strength. #Forex #USD
Forex Technical Analysis: Major Currency Pairs Outlook for August 8, 2025 by F.X. Daily Report Team
EUR/USD tests key support near 1.0800 amid ECB caution and Fed’s higher-for-longer stance. Watch 1.0950 resistance for potential breakout.
GBP/USD rebounds above 1.2700, eyes resistance at 1.2850–1.2900 amid UK labor strength.
USD/JPY consolidates, support at 138.50 critical as BOJ policy remains steady.
AUD/USD struggles near 0.6720 resistance, pressured by commodity volatility.
USD/CAD holds 1.3100 support; oil price trends to guide next moves.
Traders to monitor key technical levels and central bank cues for directional clues this week. #Forex #TechnicalAnalysis #CurrencyPairs
British Pound technical outlook shows GBP/USD stuck in a broad consolidation between 1.2440 support and 1.2815 resistance, with momentum indicators signaling indecision. For GBP/JPY, yen weakness and BoJ’s loose policy keep the pair in an uptrend, testing key resistance near 184.50. Traders should watch these levels closely for potential breakout or reversal moves. Analysis by Manish Jaradi on FOREX.com.
Arrow Financial (AROW) shows bearish signals on its 15-minute chart with a KDJ Death Cross and a strong Bearish Marubozu candle. These indicators suggest growing downward momentum and potential short-term weakness. Traders should watch for further declines as selling pressure intensifies.
USD/JPY Weekly Technical Outlook: The pair upheld its bullish momentum last week, propelled by robust US Treasury yields and the Bank of Japan’s ongoing loose monetary policy. After testing support around 148.80, USD/JPY bounced strongly, closing well above key levels and maintaining an uptrend established since January 2023’s 127.20 low. Weekly RSI and MACD indicators remain favorable, with price trading above the 20- and 50-week EMAs, signaling continuation potential.
On the daily chart, USD/JPY respects a rising channel with crucial support at 148.80. Immediate resistance lies at 151.90—an important multi-year barrier—followed by 152.50 and 153.50, historic levels not breached since 1990. The 200-day EMA slopes upward, reinforcing longer-term bullishness. Should a corrective phase emerge, supports at 147.20, 145.85, and 143.35 could come into play. Overall, the trend structure of higher highs and lows points toward sustained upside momentum unless disrupted by major fundamental shifts. Traders should watch for a clear break above 151.90 to confirm a further rally toward mid-150s levels. #USDJPY #ForexAnalysis
U.S. Dollar rebound stalled at key resistance near 104.00 on the DXY, rejecting further upside momentum. With failed breakout attempts and weakening technical signals, watch for potential consolidation or downside pressure if support near 102.50 breaks. Key USD pairs reflect mixed sentiment amid evolving Fed and ECB outlooks.
Forex Technical Analysis: Major Currency Pairs Overview (As of August 8, 2025)
EUR/USD shows bearish bias amid Fed-ECB policy divergence, testing support at 1.0800. Strong US jobs data bolster USD while Eurozone growth concerns weigh on the euro. Caution advised below 1.0800 for further downside; break above 1.0935 required to signal reversal.
GBP/USD trades sideways near 1.2750 after BoE’s cautious stance, key support at 1.2700 holding. Watch range-bound momentum for directional clues.
USD/JPY remains supported by safe-haven demand amid geopolitical tensions, hovering above 146.50.
Technical indicators confirm mixed signals across pairs, underscoring need for vigilance as global economic events unfold. Stay tuned for updates from FX Daily Report and expanded market insights.
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