Technical Outlook: EUR/JPY, USD/CHF, and Gold
EUR/JPY: Supported by Japan’s dovish BoJ and resilient ECB stance, the pair trades above its 200-day SMA. Key support lies near 169.80–170.00, with resistance at 171.00–171.50. A break above resistance may push prices toward 172.50.
USD/CHF: The Fed’s data-dependent hawkish stance contrasts with the SNB’s easing bias. Watch 0.9150 support and 0.9250 resistance. A breach of support risks further downside amid safe-haven demand for CHF.
Gold: Facing pressure from higher real yields, gold remains below key resistance around $1,980. Support near $1,940 is critical; a break lower could open $1,900 and below.
Traders should monitor central bank signals and macro data for shifts in momentum.
Analysis based on FXStreet’s Fawad Razaqzada with insights from other market experts.