GBPAUD USDJPY USDCAD analysis highlights mixed technical setups as forex markets react to shifting momentum. In this week’s GBPAUD USDJPY USDCAD analysis, GBPAUD and USDCAD show signs of weakness, while USDJPY eyes bullish continuation. Therefore, traders should watch key support and resistance levels closely.
GBPAUD: Bearish Reversal Threatens in GBPAUD Below 2.0700
In GBPAUD, the structure shows a potential breakdown from a recent lower high formation near 2.0900, with price now testing support around 2.0730. Despite a brief consolidation above the green cloud, bearish momentum is resurfacing as RSI drops below 50 to 42.06. The RSI’s rejection from the neutral 50 level and the flattening baseline on the Kumo suggest weakening bullish momentum. A breakdown below 2.0700 would open room toward 2.0600 and 2.0450. Bears may dominate unless a reversal reclaims 2.0850.
USDJPY Eyes Bullish Breakout Above 144.80 Resistance
USDJPY is attempting to break through resistance near 144.80, having recovered strongly from support at 143.20. The Kumo cloud has flipped bullish, and price is now consolidating above the green Ichimoku baseline. The RSI shows a clean bullish cross above the 50 threshold (current RSI 54.74), confirming the upside momentum. A confirmed close above 144.80 would shift the structure toward a rally targeting the 146.65 resistance. Support to watch remains at 143.20, as failure to hold above it would risk a return to 141.63.
USDCAD Remains Under Pressure as Bear Trend Continues
USDCAD continues its bearish trajectory with lower highs and lower lows. Price is hovering just above 1.3570, after failing to break back above the 1.3635 resistance zone. The RSI remains subdued below the 40 level (currently 37.07), confirming persistent bearish momentum. The red Ichimoku cloud signals strong overhead resistance. Unless price reclaims the 1.3635 level with volume, further downside toward 1.3500 and 1.3400 becomes increasingly likely. The trend remains intact as long as RSI stays suppressed.
Overall, this GBPAUD USDJPY USDCAD analysis underscores the importance of closely monitoring price action around key technical zones. As momentum shifts across major forex pairs, traders should remain flexible and align strategies with breakout confirmations or support failures. Whether bullish or bearish, staying alert to evolving patterns will be crucial in the sessions ahead.
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