Currencies
USDJPY: Key Levels & Potential Scenarios
Technical analysis of USDJPY, focusing on support and resistance, moving averages, and potential trading setups.
2025-10-09
Technical analysis of USDJPY, focusing on support and resistance, moving averages, and potential trading setups.
After hitting a peak near 1.1780, the EURUSD pair experienced a sudden and sharp decline, breaking through crucial moving average support. The RSI is now deep in oversold territory, signaling potential for either a short-term bounce or further capitulation.
The GBPUSD currency pair has shown significant bullish momentum, culminating in a test of the critical 1.3496 resistance level. This analysis examines the key technical indicators, including WMAs and RSI, to forecast potential scenarios.
📊 Market Overview EUR/USD staged an impressive rebound after dipping to 1.1625 during the early hours of August 19. The pair found a firm footing at this support level and has since pushed higher, reclaiming ground above the 30-period exponential
USD/JPY surges beyond 146.60, extending its bullish breakout with strong momentum. Supported by rising moving averages and positive RSI, the pair eyes the next upside targets at 147.20 and 147.85. As long as price holds above 145.75, the bullish trend
GBP/USD faces resistance near 1.3788 after a strong rally. The uptrend remains supported above 1.3460, where the 23.6% Fibonacci retracement and 200-WMA align. As long as the price holds above this support, bullish momentum may resume toward 1.3850 and 1.3920,
EUR/USD consolidates near 1.1770 after peaking at 1.1829. The uptrend remains supported by higher lows, bullish moving averages, and steady RSI momentum. As long as price holds above the 23.6% retracement and dynamic 200-WMA, bulls may resume upward pressure toward
EUR/GBP is holding within a tight consolidation near 0.8520 — the 78.6% Fibonacci retracement of the June rebound. Momentum remains neutral with RSI around midline and price action respecting range extremes. Bulls must reclaim 0.8540 to shift momentum; below 0.8512
USD/JPY has paused below the 145.43 resistance, with RSI nearing overbought and bullish momentum slowing. Unless buyers clear this level, the focus turns to 144.81 and 144.42 for potential pullback support.
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