The US dollar's performance is a bit of a mixed bag to start the trading day. In today's video, we'll take a technical look at the EUR/USD, USD/JPY, and GBP/USD currency pairs. The dollar is showing a modest strength overall, up 0.23% against the Japanese yen, a slight 0.08% gain against the Euro, and a 0.05% loss against the British pound. This indicates a firmer stance against the yen, but a more mixed performance against the other two currencies.
Let's start with the EUR/USD. The pair is currently trading below both the 100-hour moving average (MA) at 1.1854 and the 200-hour MA at 1.1839, levels it tested early in the Asian session. This position below both MAs suggests a short-term bearish bias. The low from yesterday near 1.1803 remains a key target, with the next significant level between 1.1765 and 1.1778, an area defined by previous swing lows from earlier in the month.
Moving on to the USD/JPY, the pair is pushing higher and aiming to reclaim the 153.73 level, along with yesterday's high at 153.52. On the upside, the falling 200-hour MA at 154.13 and the 38.2% retracement level at 154.32 form a crucial resistance zone. If the pair can sustain a move above both these levels, it would shift the market control more firmly to the buyers. Beyond that, the 100-day MA at 154.677 is a broader technical indicator that traders will be closely monitoring for directional confirmation.
Finally, the GBP/USD is attempting to rise, but it's capped below the 50% midpoint of the 2026 trading range at 1.3610. The falling 100-hour MA is just beneath this level, reinforcing the resistance. As long as the price remains below this confluence zone, the upside momentum will be limited.
On the downside, the 61.8% retracement level at 1.3549 has helped stall the latest decline. A break below this level would strengthen the near-term bearish bias and shift the focus to the next support area between 1.3526 and 1.3534, where prior swing levels are located.
