Major spot pairs roundup

The US Dollar (USD) remains firmly in a bullish position driven by hot U.S. inflation data, elevated rate hike expectations, and rising Treasury yields ahead of upcoming Federal Reserve and central bank decisions.

Timeframe & Chart Breakdown

USD/JPY (Bullish Breakout Watch).

• Daily Timeframe. Buyers are defending dynamic support at the 20-day EMA (158.10) and horizontal pivot support at 157.67. A firm daily close above 159.02 confirms a breakout from its seven-week consolidation range.
• Weekly Timeframe. The broader trend prints a series of higher lows above 156.06. Upside targets sit at 160.38 and the prior July intervention high near 164.00.

EUR/USD (Bearish Breakdown Watch).

• Daily Timeframe. Price is pinned beneath a heavy cluster of moving averages around 1.1180–1.1200. Immediate daily support rests at 1.1150 and the 50% Fibonacci retracement at 1.1130.
• Weekly Timeframe. The 1.1100–1.1109 zone is a critical floor where the 200-week moving average meets the October year-to-date low. A weekly close below 1.1100 opens the door toward 1.1000 and 1.0905.

GBP/USD (Bearish Pullback in Broader Range).

• Daily Timeframe. Slipping below 1.3400 shifted short-term momentum lower, putting focus on immediate support at 1.3314–1.3322 (200-period 4H SMA and 50% Fib). Resistance is capped between 1.3365 and 1.3400.
• Weekly Timeframe. Weekly charts remain mixed inside a multi-month triangle pattern. Holding above 1.3200 keeps consolidation intact, while a breakdown exposes the 1.3137–1.3140 yearly lows.

USD/CAD (Bullish Trend, Overbought Near-Term).

• Daily Timeframe. Rising daily momentum is pressuring the 1.4215 Fibonacci retracement and 1.4250 congestion. Pullbacks find initial daily support at prior intraday highs around 1.4135–1.4151 and 1.4100.
• Weekly Timeframe. Mixed weekly readings and overbought daily stochastics suggest sellers may defend the 1.4290–1.4300 October year-to-date high. Longer-term structural support sits at 1.4000 and 1.3950.

USD/CHF (Daily Bounce vs. Weekly Ceiling).

• Daily Timeframe. A sharp rebound has pushed the pair through 0.8250 (now flipped to support) to test 0.8300. Positive daily indicators favor a test of the 0.8350 break level.
• Weekly Timeframe. Negative-to-mixed weekly momentum is expected to cap initial rallies beneath the 0.8395–0.8400 October yearly high. Key weekly downside support sits at 0.8200 and the 0.8120 Fibonacci.

Currency Pair	Primary Bias	Major Support (Weekly)	Immediate Support (Daily)	Immediate Resistance (Daily)	Major Resistance (Weekly)
USD/JPY	Bullish	156.06 / 152.87	158.10 / 157.67	159.02 – 159.45	160.38 / 164.00
EUR/USD	Bearish	1.1100 – 1.1109	1.1150 / 1.1130	1.1180 – 1.1200	1.1250 – 1.1270
GBP/USD	Neutral / Bearish	1.3200 / 1.3137	1.3314 – 1.3322	1.3365 – 1.3400	1.3470 – 1.3500
USD/CAD	Bullish	1.4000 / 1.3950	1.4135 – 1.4151	1.4215 – 1.4250	1.4290 – 1.4300
USD/CHF	Neutral / Bullish	0.8120 – 0.8150	0.8250 / 0.8200	0.8300 / 0.8350	0.8395 – 0.8400