GBP/USD Awaits Breakout, CHF/JPY Surges, Soybean Ranges, CAC 40 Faces Reversal Risk!

These technical analysis insights cover major instruments across forex, commodities, and indices. GBPUSD tests resistance, CHFJPY holds breakout levels, Soybeans remain range-bound, and the CAC 40 faces persistent bearish pressure.

Technical Analysis Insights: GBP/USD

The price is currently consolidating just below the 1.3700 resistance after a strong bullish impulse. There is a clear supply zone between 1.3700 and 1.3750 (marked by the upper black horizontal line and recent highs), while the key support lies near 1.3620. If 1.3700 is broken with strong volume, a retest of the highs around 1.3780 could occur. On the downside, a drop below 1.3620 may expose the price to the next support at 1.3500. Overall, the pair remains in a medium-term uptrend as long as higher lows continue to form. Traders should watch for momentum confirmation on any breakout attempts to validate the move.

Technical Analysis Insights: CHF/JPY

The pair has broken out of the 180.05 resistance level and is currently trading above it, suggesting bullish momentum is dominant. This breakout clears the way for a potential continuation towards new highs. However, a close below 180.05 would invalidate the breakout and may trigger a pullback. As long as price holds above this level, buyers remain in control, and the pair may attempt to challenge psychological round numbers above 182.00 in the coming sessions.

Soybean Futures Analysis

Soybean remains range-bound between 1,020 and 1,080, repeatedly respecting these horizontal boundaries. The recent bullish candle suggests a bounce off mid-range support. Unless 1,080 is broken convincingly, range trading behavior is expected to continue. A break below 1,020 may target the bottom of the range near 960. Short-term momentum indicators show neutral bias, and traders may look for clearer directional signals before positioning aggressively.

CAC 40 Index Analysis

The index remains inside a descending channel, with a recent rejection from the upper trendline. As long as price stays below the channel resistance and the 7,792 horizontal level, the bearish structure remains intact. A breakdown below the midline of the channel could accelerate the downward movement. If buyers fail to defend this area, further losses toward prior lows may unfold. Conversely, a breakout above channel resistance could negate the bearish view and trigger a stronger recovery.