AUD/USD

Forex Spotlight: Major Currency Pairs at Critical Juncture Ahead of August 8, 2025

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Forex Technical Analysis: Major Pairs Update for August 8, 2025

EUR/USD is testing key resistance at 1.1000 amid ECB policy uncertainty and strong US data. A break above may target 1.1100, while support at 1.0860 remains critical. GBP/USD uptrend slows near 1.3050 resistance, holding support at 1.2850. USD/JPY consolidates around 145.00, watching BoJ signals. AUD/USD struggles below 0.6750 amid risk-off sentiment. USD/CHF faces resistance near 0.9200 with eyes on Swiss economic releases. Traders should monitor central bank cues and momentum shifts to navigate potential breakouts or reversals.
— Based on analysis by I Gusti Agung Bagus Dharma Agastia for FX Daily Report, with supplemental market insights.

GBP/USD

GBP/USD Faces Key Risk of Break Below 1.09/1.08 as Technical Downtrend Persists

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GBP/USD faces mounting downside risk toward the critical 1.09/1.08 support zone amid persistent US dollar strength and UK economic uncertainty. Technicals show a firmly bearish trend with lower highs and sustained selling pressure. Breaching this key level could open the door to further declines and multi-decade lows. Traders should watch for confirmation of support breaks and gauge reaction at this pivotal area. #ForexAnalysis #GBPUSD #TechnicalAnalysis

USD/JPY

Unstoppable Dollar? USD/JPY Technical Outlook Points to Bullish Continuation Near Key Resistance

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Weekly Technical Outlook: USD/JPY remains bullish with upward momentum sustained above key moving averages. Resistance near 156.28 challenges the next leg higher, targeting 158.19 based on Fibonacci projections. Support levels at 151.86 and 150.80 are critical to maintain the medium-term uptrend. Bulls should watch for potential consolidation or profit-taking near current highs amid BoJ intervention speculation. #Forex #USDJPY #TechnicalAnalysis

USD/CAD

US Dollar Faces Technical Resistance as Rebound Fails to Break Key Level

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The US Dollar’s recent rebound stalled at a key resistance level near 103.50, with technical indicators signaling fading momentum. As the Federal Reserve remains data-dependent, upcoming economic reports and policy commentary will be crucial in determining whether the dollar strengthens or faces further downside pressure. Traders should monitor support around 102.00 and potential shifts in major USD pairs closely.

AUD/USD

Forex Frontiers: Key Technical Setups for Major Pairs on August 8, 2025

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Forex Technical Analysis: Major Pairs for August 8, 2025

EUR/USD consolidates near key resistance at 1.1000, forming a symmetrical triangle. Watch for a breakout above 1.1000 targeting 1.1100/1.1200 or a break below 1.0800 risks a drop to 1.0720. RSI neutral, moving averages flattening — indecision persists.

GBP/USD remains bearish within a descending channel, capped near 1.2900 resistance and supported at 1.2600. MACD bearish crossover and prices below the 50- and 200-day moving averages suggest downside momentum continues.

Traders should wait for confirmed breakouts before committing to positions. Analysis based on M. Iqbal at FXDailyReport.com with insights from DailyFX and Investing.com. #Forex #TechnicalAnalysis #EURUSD #GBPUSD

GBP/USD

**GBP/USD Technical Breakdown: Bearish Pressure Mounts as Key 1.09/1.0890 Support Faces Downside Risk**

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GBP/USD faces significant downside risk toward the crucial 1.09/1.0890 support level amid persistent bearish momentum. Failed rallies near 1.11–1.12 and downward-sloping moving averages reinforce pressure, with a break below 1.09 potentially opening the path to 1.0675. Traders should watch key technical and fundamental signals closely as volatility remains elevated.

USD/JPY

USD/JPY Weekly Outlook: Mayhem or Momentum? Consolidation Pressures Cloud Bullish Long-Term Outlook

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USD/JPY shows a corrective pullback but maintains its longer-term bullish trend. Support holds near 151.86 and 151.16; downside momentum moderating. Watch 155.45 resistance for a potential rally toward the 160.20 yearly high. Consolidation likely before next big move. Full analysis by ActionForex.com: actionforex.com/technical-outlook/usdjpy-outlook/607574-usd-jpy-weekly-outlook-421

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