As October closes, forex traders focus on pivotal moves from Oct 26-31. EUR/USD clings to its range between 1.0500-1.0750, GBP/USD eyes 1.2100 support and 1.2350 resistance, USD/JPY faces possible intervention near 150-152, and AUD/USD tests support at 0.6280 amid risk concerns. Insights by Adam Lemon at DailyForex highlight a week of cautious waits and potential volatility ahead.
Forex Technical Major Pairs Analysis: October 24, 2025 — EUR/USD consolidates near support amid ECB caution; GBP/USD steady yet vulnerable with UK economic headwinds; USD/JPY strengthens on central bank divergence. Traders should watch key levels and prepare for potential breakouts as global macro events continue to influence price action. Full details by Yohay Elam at FXDailyReport.com.
GBP/USD closed last week strong, holding above 1.2700 amid a softening US dollar and resilient UK economic data. Technicals point to further upside, but key resistance near 1.2820-1.2850 and overbought signals suggest caution. Federal Reserve decisions and UK political developments will be critical this week. Stay tuned.
— ActionForex.com team analysis for June 10-14, 2024
After a turbulent session driven by fresh economic data, GBP/USD steadied near 1.3325. Market reactions highlighted uncertainties over UK inflation and Bank of England policy, as well as Fed tightening expectations. Traders remain cautious amid ongoing data releases and shifting monetary outlooks.
GBP/USD held steady around 1.3325 following a volatile session driven by mixed UK and US economic data. Despite swings caused by weaker UK retail sales and ongoing inflation concerns, the pair found equilibrium as markets digested contrasting signals from both economies. Attention now turns to upcoming data and central bank moves for further direction.
GBP/USD experienced a volatile session amid a slew of significant economic releases from both the US and UK. Despite sharp swings driven by strong US labor and inflation data reinforcing expectations of Fed tightening, and mixed UK signals around inflation and consumer spending, the pair has stabilized near the 1.3325 level. This consolidation reflects the ongoing tug-of-war between bullish and bearish forces as markets await clearer policy direction from the Bank of England and the Federal Reserve. Traders should monitor key support and resistance zones closely as risk sentiment continues to influence movements.
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GBP/USD extends its losing streak to six days, hitting lows not seen since early May. Sterling remains pressured by disappointing UK economic data, BoE policy uncertainty, and political risks, while the US dollar gains on robust fundamentals. Key support at 1.2650 tested as traders weigh the next move. #Forex #GBPDUSD
