Forex markets show diverse technical trends across major currency pairs

Various currency pairs are showing distinct technical movements in the forex market. The GBP/USD has reached its highest level since May 12, breaking above the 50% retracement of its 2026 trading range and the July high to reach 1.3561. Key support for the pair is identified between 1.3543 and 1.3557.

In contrast, the USD/JPY is facing resistance at the 0.5 Arc level, with bullish momentum fading. If this resistance holds, the pair may decline toward 158.66. Meanwhile, EUR/USD is positioned for a potential bullish recovery following a pullback to its moving average, with targets set at 1.1600 and 1.1660.

Other notable movements include the NZD/USD, which maintains a bullish structure following a pullback toward key moving averages, targeting 0.59500 and 0.60000. Additionally, the AUD/NZD pair is showing a bearish bias as price respects overhead institutional supply, with traders targeting a decline toward 1.19200.