The USD is lower but off the lowest level.
EURUSD Technicals
EURUSD moved higher in the Asian session, reclaiming the 100-hour MA at 1.1799, but the rally stalled near strong resistance at 1.1830–1.1832 — the 50% midpoint of the 2026 range (1.1830) and the falling 200-hour MA (1.1832).
The failure to break that ceiling shifted momentum back to sellers, pushing the pair below the 100-hour MA and down to support at 1.1765–1.1778, where buyers stepped in.
Price is now back near 1.1800, keeping the market in a tight battle zone.
Support: 1.1765–1.1778
Resistance: 1.1830–1.1832
A break on either side should determine the next move.
USDJPY Technicals:
USDJPY moved sharply lower following the weekend tariff news, breaking below its 100-hour moving average and the 38.2% retracement at 154.320, signaling a shift in short-term momentum to the downside.
However, the selloff stalled ahead of the next key target — the 200-hour moving average at 153.82 — as downside momentum faded. That hesitation allowed buyers to step back in, pushing price back above the 100-hour MA and up toward a confluence area near 154.96, where the 100-day moving average aligns with the 50% retracement. Sellers leaned against that resistance and forced a rotation lower.
The pair is now trading back near the 100-hour moving average, putting the focus squarely on this pivot.
A move below keeps downside pressure in play toward 153.82.
A move back above 154.96 shifts bias higher again.
GBPUSD Technicals:
GBPUSD fell last week to its key 200-day moving average at 1.34426. Although price briefly dipped below that level, downside momentum stalled and sellers could not press the break. That failure sparked a rebound, with price climbing back toward the falling 100-hour moving average.
Today, the pair pushed above the 100-hour MA, but gains were capped by resistance in a defined swing zone between 1.3526 and 1.3536. Sellers leaned against that area and rotated price back below the 100-hour MA, targeting the 1.3400 swing level.
Since then, the back-and-forth trade has continued, with price once again reclaiming the 100-hour moving average. That level now serves as the key barometer.
Above the 100-hour MA: bias tilts more bullish.
Below the 100-hour MA: sellers regain short-term control.
