USD/JPY shows downside pressure as markets await the Fed’s rate decision. Treasury yields and U.S. inflation data will be key, with potential rate cuts expected to weaken the dollar and boost the yen. Watch for Fed guidance and economic reports shaping next moves. #Forex #USDJPY #FedDecision
Based on Vladimir Zernov’s FX Empire analysis, EUR/USD, GBP/USD, and EUR/GBP are all testing key historical support and resistance levels shaped by market memory. With major central banks steady on rates, how do you expect these pairs to move in the coming weeks?
GBP/USD started last week consolidating near recent highs before a pullback amid stronger US inflation data. The pair remains in a broad uptrend but faces near-term resistance around 1.2850–1.2900. With key UK inflation and retail sales ahead alongside Federal Reserve speeches, market focus is on whether Sterling can extend gains or prepare for a correction. Technicals suggest cautious optimism but highlight risks of short-term consolidation.
USD/CAD is facing mounting downside pressure as technical indicators—including RSI below 50, bearish MACD crossover, and trading below key moving averages—signal further weakness. Support at 1.3613 is critical; a break could open the door to deeper declines amid a softer USD and firm oil prices boosting CAD. Analysis adapted from FxWirePro via EconoTimes.
AUD/USD is forming a classic cup and handle pattern on the charts, signaling potential upside ahead. With key support holding and recent fundamentals supporting the Aussie, traders should watch for a breakout above the handle resistance to confirm the next bullish leg. #Forex #AUDUSD #TechnicalAnalysis
What triggered Friday’s sudden surge in the Japanese yen? MarketWatch analysis points to a likely covert intervention by Japan’s Ministry of Finance amid rising yen volatility and global rate pressures. Despite no official confirmation, sharp moves resembling past interventions suggest Tokyo may be stepping in to stabilize its currency.
Euro gains against the dollar signal strength, yet Invesco’s FXE ETF experiences outflows, revealing investor caution amid positive EUR/USD trends. What could explain this disconnect between currency performance and fund flows?
UOB Group signals limited upside for GBP/USD, cautioning that the pair may struggle to break above the key resistance at 1.3570. Technical and fundamental factors—including BoE rate path uncertainty and waning bullish momentum—suggest Sterling’s rally could stall in the near term. Traders should watch support around 1.3450 for potential shifts.
USD/CAD shows moderate bullish momentum, testing key resistance at 1.3749. A break above this level could target 1.3860 and beyond, while failure to hold 1.3600 may trigger a pullback toward 1.3486. Technicals like rising EMAs, RSI near 61, and positive MACD support cautious optimism. Watch US and Canadian economic data and central bank signals for decisive moves ahead. #Forex #Trading #USDCAD
AUD/USD showed a modest rebound from recent lows but remains under bearish pressure, trading below key moving averages with RSI below 50. Immediate resistance is at 0.6677 and 0.6713, while support lies at 0.6591 and 0.6550. Until price breaks above resistance decisively, the downtrend seen since late 2023 remains intact. Traders should watch for a break below 0.6591 for further downside momentum. #Forex #AUDUSD #TechnicalAnalysis
