Bearish Momentum Continues Across Major FX Pairs

AUDUSD Analysis

AUD/USD Breaks Below 0.6000 – Bearish Pressure Builds

AUD/USD rejected from 0.6184 and consolidates under 0.6000. RSI at 34.90 shows weak divergence, but bears remain in control.

AUD/USD remains under heavy bearish pressure after a decisive breakdown below 0.6184, now acting as resistance. The pair was rejected from the 0.6135–0.6184 zone, aligning with a bearish fair value gap, and is currently consolidating beneath the 0.6000 level. The next key support rests at 0.5930. RSI at 34.90 shows weak bullish divergence, but with no follow-through buying, further downside remains likely. The Kijun-Sen (Ichimoku) adds dynamic resistance overhead.

EURJPY Analysis

EUR/JPY Consolidates in Range – Watch 159.04 for Breakdown

EUR/JPY trades between 163.89 and 159.04. Rejection at Kijun-Sen and RSI at 43.81 suggest mild bearish pressure, but no breakout yet.

EUR/JPY is consolidating between 163.89 resistance and 159.04 support after a sharp intraday sell-off. Price was rejected from the 162.94 Kijun-Sen zone and is now hovering near the range’s lower boundary. The RSI at 43.81 indicates moderate bearish momentum, but without strong conviction. A sustained break below 159.04 could open the way toward 155.56, while current price action favors sideways movement unless a decisive breakout occurs.

GBPJPY Analysis

GBP/JPY Drops Below 187.74 – Oversold, But Trend Still Bearish

GBP/JPY trades at 186.39 after breaking 187.74. RSI at 24.93 signals oversold, but upside may face pressure near 190.11.

GBP/JPY remains in a clear downtrend, with the recent bearish leg extending below the 187.74 support level. Price is now trading around 186.39, forming a possible base. However, the RSI at 24.93 reflects deeply oversold conditions, suggesting a potential short-term bounce or pause. Despite this, any recovery is likely to encounter resistance near 190.11, as price remains firmly below both the Kijun-Sen and previous support. The structure favors bearish continuation unless buyers reclaim 187.74 with conviction.

USDCAD Analysis

USD/CAD Tests 1.4244 After V-Recovery – Breakout or Rejection?

USD/CAD rebounds from 1.4028 and tests 1.4244. RSI at 49.60 shows room to build. Breakout could target 1.4415, rejection risks 1.4083.

USD/CAD is showing early signs of a bullish reversal, having bounced sharply from the 1.4028 support in a V-shaped recovery. The pair is now testing 1.4244 resistance, a confluence of the Kijun-Sen and prior horizontal structure. A confirmed breakout above this level may trigger upside toward 1.4415. The RSI at 49.60 is rising toward neutral, suggesting momentum could strengthen. If the pair fails at 1.4244, a pullback to 1.4083–1.4100 may follow.