Kickstart the FX day. A have a look at the EURUSD, USDJPY and GBPUSD from a technical perspective

Within the kickstart video, I check out the three main forex pairs:

EUR/USD Abstract

The EUR/USD continued its downward development as a result of issues over slower financial progress and elevated tariffs beneath President-elect Trump.

Key Factors:

• Initially rose within the Asian session, however sellers took management close to 1.0665-1.06703 swing space. That space was the lows from again in June.

• Staying under the lows from June stored the sellers in management

• Reached a low of 1.0606, testing April’s swing lows and the yr’s lows (since October 2023). A transfer under the 1.0600 will increase the bearish bias.

• Patrons could lean in opposition to the low as threat could be outlined and restricted in opposition to the extent with stops on a break under.

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USD/JPY Abstract

The USD/JPY exhibited volatility, with potential bullish alerts.

Key Factors:

1. Rose yesterday, then stalled between 153.59-153.88 (swing space).

2. Discovered help at 153.397 (61.eight% of July’s transfer down).

3. Broke above 153.88 (bullish sign).

4. Subsequent targets: 154.54-155.09.

Outlook:

Bullish Situation

Keep above 153.88, concentrating on 154.54-155.09.

Bearish Situation

Transfer under 153.397 will increase short-term bearish bias.

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GBP/USD Abstract

The GBP/USD fell, breaking under two-week lows and the 200-day MA.

Key Factors:

1. Broke under final week’s low (1.28329) and 200-day MA (1.28178).

2. Reached 1.27915, then bounced.

3. Traded above and under 200-day MA.

Outlook:

Bullish Situation

Transfer above 1.28329, 1.2844, and 1.2866 (50% of April’s transfer) signifies purchaser power.

Bearish Situation

Keep under 1.28329 and 1.2844 maintains vendor confidence; breaking under 200-day MA once more confirms bearish development.

This text was written by Emma Wang at www.ubaidahsan.com.



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