GBP/USD tests critical resistance near 1.3420, setting the stage for a potential bullish breakout ahead of key US economic data releases.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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EUR/USD steadies near 1.1400 with traders eyeing key US and European data releases, maintaining a bullish setup despite tariff-driven risks.
The Turkish Lira remains stable as forecasts indicate the Central Bank will shift to rate cuts by mid-2025, with inflation slowing and economic growth recovering.
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The GBP/USD pair continues its bullish trend, supported by resilient UK economic data and US political uncertainty, with targets set toward the 1.39 resistance zone.
The USD/JPY pair continues its bullish recovery within an ascending channel, targeting 145.00 resistance amid stronger US dollar momentum and easing trade fears.
Gold prices pulled back from record highs but remain in an overall bullish trend, with key support at $3,260 and traders looking to buy dips above $3,000.
Silver (XAG/USD) remains focused on the $33 level, offering a potential buying opportunity above $33.66 with an upside target near $34.90.
Bitcoin continues to find strong buying interest on dips, holding firm around $94,000 as bullish momentum points toward a potential rally to $110,000.
The German DAX continued its rally on Friday, nearing the €22,500 resistance as optimism over economic recovery and easing trade tensions drives gains.
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Crude oil prices continued to trade sideways on Friday, consolidating between $60 and $65 as rising volume hints at a potential bullish breakout.
Natural gas prices stabilized near the key $3 level on Friday after initial weakness, but bearish seasonality and recession fears continue to weigh on the market.
After reaching a new multi-month low, the price seems to be trading between key support at 19.4933 and key resistance at 19.7607.
The Euro continues to bounce within a defined range against the US dollar, with EUR/USD traders closely watching the 1.12 and 1.15 levels for direction.
The AUD/USD pair continues to fluctuate near the 200-day EMA and key 0.64 resistance level, as traders brace for potential volatility ahead.
The GBP/USD pair remains rangebound between 1.32 and 1.34 as the market digests previous gains and awaits new catalysts to drive a breakout.