Range Retests and Momentum Shifts Across Majors

EURUSD

EUR/USD Rebound Stalls Below 1.1260 – Bearish Cloud Looms

EUR/USD bounces off 1.1112 but faces resistance at 1.1260. RSI still below 50, and bearish cloud caps upside; risk of retest toward 1.1112 or 1.0954.

EUR/USD is trading just below the key resistance zone at 1.12275–1.12608, after rebounding from the lower boundary of a descending channel and support at 1.11122. Price action shows rejection near the mid-channel region, and RSI has risen toward neutral but remains under the 50 mark, indicating weak bullish momentum. A bearish cloud above the current price adds pressure near the 1.12275 level. Unless the pair breaks and sustains above 1.1260, the rebound may be short-lived, with risks of a decline back to 1.1112 or even 1.0954.

GBPUSD

GBP/USD Rejected at 1.3312 – Bearish Bias Builds Below Cloud

GBP/USD stalls below 1.3312 after repeated tests. RSI near 50 shows indecision; breakdown below 1.3210 could target 1.3015 and 1.2865.

GBP/USD is showing signs of rejection from the resistance zone at 1.33123 after multiple tests. The price has now dropped below the Kumo (Ichimoku) cloud, while the RSI fluctuates around the 50 level—indicating indecision with a slight bearish tilt. The 1.32109–1.32905 range remains crucial. A confirmed break below 1.3210 could expose the pair to deeper support zones at 1.3015 and 1.2865. Conversely, a strong daily close above 1.3312 would negate the current bearish outlook and reintroduce bullish potential.

USDCAD

USD/CAD Stalls Below 1.4028 – Bullish But Losing Steam?

USD/CAD consolidates near 1.4028 after rally from 1.3741. RSI at 57 shows early divergence; 1.3904–1.3864 support must hold to keep trend intact.

USD/CAD has been consolidating just below the 1.40285 resistance level following a strong rally from the 1.37416 support zone. The bullish structure remains valid as long as price holds above the 1.3904–1.3864 range. RSI is elevated near 57, but early divergence suggests momentum may be weakening. A confirmed breakout above 1.40285 could open the path toward the 1.4244 resistance, while failure to break higher may trigger a corrective move toward the 1.3890–1.3860 demand zone.

USDJPY

USD/JPY Pulls Back from 147.88 – Key Support at 146.20

USD/JPY retreats after rejection at 147.88. RSI drops toward 45, momentum cooling. Bullish trend intact above cloud, but 146.20 must hold.

USD/JPY is pulling back after testing the 147.88 resistance and failing to sustain its gains. The price now approaches key support levels at 146.21 and 144.47. RSI has fallen below the overbought zone and is trending down toward 45, reflecting a loss of bullish momentum. Price action remains above the Ichimoku Kumo cloud, which keeps the broader trend bullish. However, continued weakness below 146.20 could trigger a deeper correction toward 144.47. To resume the uptrend, bulls must reclaim and hold above 147.88.