Forex Daily Forecast, Analysis and Prediction

USD/JPY jumps on risk-on sentiment and tariff relief; 140 seen as key support with potential bullish momentum building toward 150.

After approaching its record high price well above $100k, Bitcoin sold off yesterday on the US Dollar revival but found support at $101,581.

The euro fell sharply after US-China trade progress, with EUR/USD facing resistance at 1.12 and likely heading toward 1.0950 amid continued bearish sentiment.

The USD/CAD pair is bouncing strongly as the US dollar gains on trade optimism and Canada's economic underperformance, with technicals pointing to a potential rise toward 1.42.

The USD/ZAR pair is consolidating in a tight range as markets weigh mid-term uncertainty, with resistance near 18.26800 and support around 18.24050 shaping short-term momentum.

The USD/MXN pair has bounced off recent lows as USD strength returns, but with volatility and conflicting sentiment, resistance near 19.62500 may test bullish momentum.

Despite a retreat on USD strength, the AUD/USD pair may rebound to 0.6500 as trade optimism and technical patterns support a short-term bullish outlook.

The GBP/USD pair has dropped sharply as USD strength surges on US-China trade hopes, with key UK and US economic data likely to drive further moves.

The EUR/USD pair broke key support as USD strength surged on US-China trade progress, with bearish momentum likely to persist ahead of US inflation data.

The Turkish lira continued its sharp decline against the U.S. dollar, losing over 30% in a week, with bearish pressure dominating amid oversold signals and weak fundamentals.

Gold prices remain under pressure near $3326 amid risk-on sentiment and U.S.–China trade optimism, with a possible break below $3220 signaling deeper losses.

USD/JPY extended gains to 146.28 on risk-on sentiment from US-China trade progress, with bulls eyeing 147.50–150.00 and key support holding near 145.00.

Despite broad USD strength, GBP/USD remains resilient near 1.3255, supported by UK–US trade deal optimism and risk-on sentiment ahead of key UK wage data.

EUR/USD remains under pressure within a descending channel, with bearish momentum pointing to a possible break of 1.1130 support ahead of key U.S. inflation data.

The price has been stuck for a while below the big round number at $0.6000, consolidating between that resistant area and support at $0.5825.