Today’s forex pairs outlook highlights diverging trends across GBP and USD crosses. While GBPAUD and GBPJPY are gaining momentum, USD-based pairs such as USDCAD and USDJPY remain under bearish pressure. Notably, recent breakouts in pound pairs signal sustained bullish bias. However, downside risks persist for the dollar unless key resistance levels are reclaimed. As momentum shifts, traders should watch for potential reversals or continuation setups near critical price zones. This forex pairs outlook breaks down what matters most on the charts today.
GBPAUD Analysis
GBPAUD Reclaims 2.08 – Momentum Eyes 2.11
GBPAUD has broken above the 2.08 consolidation zone, signaling renewed bullish interest. The Supertrend indicator has flipped green, reflecting a supportive technical environment. Meanwhile, RSI holds steady near 58, suggesting moderate bullish momentum without overbought conditions.
Currently, the pair is trading around 2.0916 after escaping its previous range near 2.0800. This structure remains intact as long as price stays above the Supertrend line. Therefore, a sustained move above 2.0900 could pave the way toward the 2.1100 resistance level. However, a drop below 2.0783 would likely invalidate this outlook and shift momentum in favor of sellers.
GBPJPY Analysis
GBPJPY Retests 194.00 – Bullish Momentum Building
GBPJPY is rebounding from the 192.10–192.34 support zone and currently testing the 194.00 resistance level. While price action remains within a well-defined range, the pair is attempting to push above the red Supertrend band—a signal that short-term bullish momentum may be building. Additionally, RSI is climbing toward 60, reflecting strengthening sentiment as buyers regain control.
A daily close above 194.10 would likely confirm this breakout and open the way toward the 195.50–196.00 resistance range. However, should the pair fail to clear that level, a pullback toward the 192.30 support area remains a possible scenario. Therefore, traders should monitor price action closely as momentum unfolds near this key zone.
USDCAD Analysis
USD/CAD Bounce Faces 1.3793 – Bearish Bias Intact
USDCAD retests 1.3793 resistance in a broader downtrend. RSI below 40 confirms bearish pressure. Rejection may reopen path to 1.3619.
USDCAD remains in a defined downtrend, marked by a sequence of lower lows and lower highs. After bouncing from the 1.3619 support, price is now testing the 1.3793 resistance zone. The red Supertrend indicator continues to act as dynamic resistance, aligning with key horizontal levels. RSI remains weak, hovering below 40, which suggests that bearish momentum is still in play despite the current rebound. A rejection at 1.3793 could resume the downtrend toward 1.3619, while a confirmed reclaim above 1.3910 would invalidate the bearish structure.
USDJPY Analysis
USDJPY Holds Near 143.10 – Bearish Bias Tested
USDJPY consolidates after sharp drop from 147.00. RSI at 46 recovers from oversold. Below Supertrend; 144.47 reclaim needed for reversal.
USDJPY is consolidating near the 143.10 level following a sharp decline from the 147.00 zone. Price remains under pressure beneath the red Supertrend band, keeping the broader trend bearish for now. RSI has recovered from oversold territory and is currently at 46, suggesting a potential short-term bounce. However, without a clear move above 144.47, bearish control remains. A confirmed reclaim of that level could signal a reversal, while downside risks continue toward the 141.63 support area.
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