Daily Market Analysis - Majors

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NZDUSD Technical Analysis – 30 JULY, 2026
NZDUSD – The NZDUSD pair on 30 July 2026 registered a high at 0.5883

The NZDUSD pair on 30 July 2026 registered a high at 0.5883, a level that underscores the New Zealand dollar’s attempt to regain ground against the U.S. dollar and highlights the continuation of a corrective rebound after weeks of sustained weakness. This high is technically significant because it extends the rally beyond the mid-July ceiling around 0.5850–0.5860, confirming that buyers have managed to push the pair above short-term resistance. The 0.5883 print sits just beneath the psychological 0.5900 barrier, a level that traders often treat as a key pivot, making this high both a confirmation of strength and a potential inflection zone.

On the daily chart, NZDUSD has been trending within a descending channel since early June, but the 0.5883 high coincides with the upper boundary of this channel, reinforcing its importance as a technical marker. Momentum indicators reflect the intensity of the rebound: RSI has climbed into the 58–62 range, signalling improving bullish momentum without yet reaching overbought conditions. The MACD histogram has turned positive, with widening divergence between the signal and MACD lines, suggesting that bullish momentum is accelerating. These readings point to continued strength, though they also highlight the need for confirmation through sustained closes above 0.5880–0.5900.

Support levels are well-defined and critical to monitor. The immediate cushion lies around 0.5840–0.5850, a zone that aligns with prior breakout levels and the 20-day moving average. A deeper retracement could test 0.5800, where demand has consistently emerged in recent weeks. On the upside, resistance is clearly defined at 0.5900–0.5920, a band that represents both psychological and structural barriers. A sustained close above this zone would open the path toward 0.5950–0.6000, levels that could attract further bullish interest. Until then, rallies are likely to be capped, with traders cautious about chasing momentum without confirmation beyond 0.5883.

Fundamentally, the New Zealand dollar’s strength against the U.S. dollar reflects a combination of commodity price dynamics, monetary policy divergence, and global risk sentiment. The Reserve Bank of New Zealand’s cautious but steady stance has provided some support, while stabilizing dairy and commodity prices have bolstered the kiwi’s appeal. Meanwhile, the Federal Reserve’s restrictive stance continues to underpin dollar demand through elevated yields, but moderating U.S. growth expectations have tempered its dominance. Global risk sentiment has also played a role, with investors showing renewed preference for higher-yielding currencies amid easing geopolitical concerns. This macro backdrop explains why NZDUSD has managed to push above 0.5850, with the 0.5883 high serving as a manifestation of these underlying forces.

In broader context, the 0.5883 high represents both opportunity and caution. For bulls, it confirms the strength of the corrective rebound and offers a springboard toward higher targets, potentially extending toward 0.5950–0.6000 in the medium term. For bears, it signals a potential exhaustion point, particularly given proximity to psychological resistance and the need for sustained momentum. The coming sessions will determine whether NZDUSD consolidates below 0.5900 or breaks decisively higher, setting the tone for early August trading. Ultimately, the 0.5883 high encapsulates the kiwi’s resilience and the dollar’s tempered dominance, a dynamic that continues to define the pair’s trajectory and offers traders both risk and reward in equal measure.

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Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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USDCAD Technical Analysis – 30 JULY, 2026
USDCAD – The USDCAD pair on 30 July 2026 registered a low at 1.3991

The USDCAD pair on 30 July 2026 registered a low at 1.3991, a level that underscores the Canadian dollar’s resilience against the U.S. dollar and highlights the corrective pressure weighing on the greenback after its recent rally. This low is technically significant because it marks a retreat beneath the mid-July support zone around 1.4010–1.4020, where buyers had previously defended the downside. The move down to 1.3991 suggests that sellers have regained control, testing the durability of support levels that have historically acted as pivots for price action.

On the daily chart, USDCAD remains within a moderately ascending channel that has guided price action since early July, but the 1.3991 low coincides with the lower boundary of this channel, reinforcing its importance as a technical marker. Momentum indicators reflect the cooling of bullish momentum: RSI has slipped into the 44–48 range, signalling growing downside pressure without yet reaching oversold conditions. The MACD histogram has narrowed, with convergence between the MACD and signal lines, suggesting that momentum is fading and bearish sentiment is beginning to dominate. These readings point to vulnerability, with the potential for deeper declines if support levels fail to hold.

Support zones are clearly defined and critical to monitor. The immediate cushion lies around 1.3980–1.3990, a region that aligns with prior demand clusters and the 50-day moving average. A decisive break below this area would expose the pair to deeper retracement toward 1.3940, a psychological level that represents both structural support and a historical pivot. On the upside, resistance is now set at 1.4020–1.4040, where failed rallies have repeatedly stalled. A sustained close above this zone would be required to neutralize the bearish bias and reestablish bullish momentum. Until then, rallies are likely to be capped, with sellers viewing them as opportunities to re-enter short positions.

Fundamentally, the Canadian dollar’s strength against the U.S. dollar reflects a combination of commodity price dynamics, monetary policy divergence, and global risk sentiment. Crude oil prices, a key driver of CAD performance, have stabilized at elevated levels, bolstering demand for the currency. Meanwhile, the Bank of Canada’s relatively hawkish stance has reinforced confidence in the CAD, while the Federal Reserve’s restrictive policy continues to underpin dollar demand. However, moderating U.S. growth expectations and easing risk aversion have tempered the dollar’s dominance, creating space for the Canadian dollar’s recovery. This macro backdrop explains why USDCAD has slipped to 1.3991, with the low serving as a manifestation of these underlying forces.

In broader context, the 1.3991 low represents both a test of resilience and a potential springboard. For bears, it confirms the resumption of downward momentum and opens the path toward deeper retracement, potentially extending toward 1.3940 in the medium term. For bulls, it serves as a challenge, highlighting the need to defend key support zones to prevent a more pronounced decline. The coming sessions will determine whether USDCAD stabilizes above 1.3990 or continues to slide, with the outcome likely shaped by oil price trends and central bank commentary. Ultimately, the 1.3991 low encapsulates the balance between Canadian dollar resilience and U.S. dollar fragility, a dynamic that continues to define the pair’s near-term outlook.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.q

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USDCHF Technical Analysis – 30 JULY, 2026
USDCHF – The USDCHF pair on 30 July 2026 registered a low at 0.8040
 

The USDCHF pair on 30 July 2026 registered a low at 0.8040, a level that underscores the Swiss franc’s resilience against the U.S. dollar and highlights the corrective pressure weighing on the greenback after its recent rally. This low is technically significant because it marks a retreat beneath the mid-July support zone around 0.8060–0.8070, where buyers had previously defended the downside. The move down to 0.8040 suggests that sellers have regained control, testing the durability of support levels that have historically acted as pivots for price action.

On the daily chart, USDCHF remains within a moderately ascending channel that has guided price action since early July, but the 0.8040 low coincides with the lower boundary of this channel, reinforcing its importance as a technical marker. Momentum indicators reflect the cooling of bullish momentum: RSI has slipped into the 42–46 range, signalling growing downside pressure without yet reaching oversold conditions. The MACD histogram has narrowed, with convergence between the MACD and signal lines, suggesting that momentum is fading and bearish sentiment is beginning to dominate. These readings point to vulnerability, with the potential for deeper declines if support levels fail to hold.

Support zones are clearly defined and critical to monitor. The immediate cushion lies around 0.8020–0.8040, a region that aligns with prior demand clusters and the 50-day moving average. A decisive break below this area would expose the pair to deeper retracement toward 0.7980, a psychological level that represents both structural support and a historical pivot. On the upside, resistance is now set at 0.8080–0.8100, where failed rallies have repeatedly stalled. A sustained close above this zone would be required to neutralize the bearish bias and reestablish bullish momentum. Until then, rallies are likely to be capped, with sellers viewing them as opportunities to re-enter short positions.

Fundamentally, the franc’s strength against the dollar reflects a combination of monetary policy divergence and global risk sentiment. The Swiss National Bank’s cautious but steady stance has bolstered the franc’s appeal, particularly as investors continue to view it as a safe-haven currency. Meanwhile, the Federal Reserve’s restrictive stance continues to underpin dollar demand, but moderating U.S. growth expectations and easing risk aversion have tempered its dominance. Global risk sentiment has also played a role, with investors showing renewed preference for the franc amid concerns about geopolitical uncertainty and uneven global growth. This macro backdrop explains why USDCHF has struggled to sustain gains above 0.8100, with the 0.8040 low serving as a manifestation of these underlying forces.

In broader context, the 0.8040 low represents both a test of resilience and a potential springboard. For bears, it confirms the resumption of downward momentum and opens the path toward deeper retracement, potentially extending toward 0.7980 in the medium term. For bulls, it serves as a challenge, highlighting the need to defend key support zones to prevent a more pronounced decline. The coming sessions will determine whether USDCHF stabilizes above 0.8040 or continues to slide, with the outcome likely shaped by central bank commentary and global risk appetite. Ultimately, the 0.8040 low encapsulates the balance between franc strength and dollar fragility, a dynamic that continues to define the pair’s near-term outlook.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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USDJPY Technical Analysis – 30 JULY, 2026
USDJPY - The USDJPY pair on 30 July 2026 registered a low at 158.51

The USDJPY pair on 30 July 2026 registered a low at 158.51, a level that underscores the yen’s resilience against the U.S. dollar and highlights the corrective pressure weighing on the greenback after its recent surge. This low is technically significant because it marks a retreat beneath the mid-July support zone around 159.20–159.50, where buyers had previously defended the downside. The move down to 158.51 suggests that sellers have regained control, testing the durability of support levels that have historically acted as pivots for price action.

On the daily chart, USDJPY remains within a steep ascending channel that has guided price action since early June, but the 158.51 low coincides with the lower boundary of this channel, reinforcing its importance as a technical marker. Momentum indicators reflect the cooling of bullish momentum: RSI has slipped into the 44–48 range, signalling growing downside pressure without yet reaching oversold conditions. The MACD histogram has narrowed, with convergence between the MACD and signal lines, suggesting that momentum is fading and bearish sentiment is beginning to dominate. These readings point to vulnerability, with the potential for deeper declines if support levels fail to hold.

Support zones are clearly defined and critical to monitor. The immediate cushion lies around 158.40–158.50, a region that aligns with prior demand clusters and the 50-day moving average. A decisive break below this area would expose the pair to deeper retracement toward 157.80, a psychological level that represents both structural support and a historical pivot. On the upside, resistance is now set at 159.50–159.80, where failed rallies have repeatedly stalled. A sustained close above this zone would be required to neutralize the bearish bias and reestablish bullish momentum. Until then, rallies are likely to be capped, with sellers viewing them as opportunities to re-enter short positions.

Fundamentally, the yen’s strength against the dollar reflects a combination of monetary policy divergence and global risk sentiment. While the Federal Reserve’s restrictive stance continues to underpin dollar demand through elevated yields, moderating U.S. growth expectations have tempered its dominance. Meanwhile, the Bank of Japan’s ultra-loose policy remains intact, but the yen has benefited from renewed safe-haven demand amid concerns about global growth and geopolitical uncertainty. This macro backdrop explains why USDJPY has struggled to sustain gains above 160.00, with the 158.51 low serving as a manifestation of these underlying forces.

In broader context, the 158.51 low represents both a test of resilience and a potential springboard. For bears, it confirms the resumption of downward momentum and opens the path toward deeper retracement, potentially extending toward 157.80 in the medium term. For bulls, it serves as a challenge, highlighting the need to defend key support zones to prevent a more pronounced decline. The coming sessions will determine whether USDJPY stabilizes above 158.50 or continues to slide, with the outcome likely shaped by central bank commentary and global risk appetite. Ultimately, the 158.51 low encapsulates the balance between yen resilience and dollar fragility, a dynamic that continues to define the pair’s near-term outlook.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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AUDUSD Technical Analysis – 03 Aug, 2026
AUDUSD – At the FXOpen chart, AUDUSD registered a low of 0.6984 on August 3, 2026
 

At the FXOpen chart, AUDUSD registered a low of 0.6984 on August 3, 2026, reflecting renewed selling pressure after failing to sustain above the 0.7050 resistance zone. The pair’s decline highlights weakness in risk sentiment, with commodity-linked currencies underperforming amid softer global demand expectations. Technically, the break below 0.7000 signals vulnerability, as this level had previously acted as psychological support. Momentum indicators suggest bearish continuation, with the RSI trending lower and MACD showing negative divergence. Unless buyers reclaim 0.7020, AUDUSD risks extending toward 0.6950, where stronger demand may emerge. The broader trend remains cautious, favouring downside bias.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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EURCHF Technical Analysis – 03 Aug, 2026
EURCHF – At the FXOpen chart, EURCHF recorded a high of 0.9334 on August 3, 2026
 

At the FXOpen chart, EURCHF recorded a high of 0.9334 on August 3, 2026, signalling renewed bullish momentum after consolidating near the 0.9280 support zone. The pair’s advance reflects euro strength against the franc, supported by improved sentiment in European markets. Technically, the breakout above 0.9310 confirms upward bias, with RSI climbing toward overbought territory and MACD showing positive alignment. Immediate resistance is seen at 0.9350, while support rests at 0.9295. Sustained trading above 0.9320 could extend gains toward 0.9370, though caution is warranted as momentum indicators suggest potential exhaustion if buyers fail to maintain control.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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EURJPY Technical Analysis – 03 Aug, 2026
EURJPY – At the FXOpen chart, EURJPY marked a low of 179.51 on August 3, 2026

At the FXOpen chart, EURJPY marked a low of 179.51 on August 3, 2026, reflecting a corrective pullback after failing to sustain above the 181.00 resistance zone. The decline highlights yen strength amid safe-haven demand, while euro momentum softened following recent highs. Technically, the drop below 180.00 confirms short-term bearish bias, with RSI sliding toward 40 and MACD crossing into negative territory. Immediate support is located at 179.20, while resistance remains capped at 180.40. Sustained weakness below 179.50 could open the path toward 178.80, keeping the broader outlook cautious unless buyers reclaim control above 180.50.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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EURUSD Technical Analysis – 03 Aug, 2026
EURUSD – At the FXOpen chart, EURUSD reached a high of 1.1558 on August 3, 2026
 

At the FXOpen chart, EURUSD reached a high of 1.1558 on August 3, 2026, marking a decisive bullish extension after consolidating above the 1.1500 psychological threshold. The rally reflects euro strength amid supportive macro sentiment, while the dollar weakened on softer yields. Technically, the breakout above 1.1530 confirms upward momentum, with RSI climbing toward 65 and MACD maintaining a positive crossover. Immediate resistance is seen at 1.1580, while support rests at 1.1520. Sustained trading above 1.1540 could open the path toward 1.1600, though overbought signals suggest caution as buyers may face profit taking near higher levels.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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GBPJPY Technical Analysis – 03 Aug, 2026
GBPJPY – At the FXOpen chart, GBPJPY registered a low of 209.75 on August 3, 2026
 

At the FXOpen chart, GBPJPY registered a low of 209.75 on August 3, 2026, reflecting a sharp corrective move after failing to sustain above the 211.00 resistance zone. The decline underscores yen demand amid risk aversion, while sterling momentum weakened following recent highs. Technically, the break below 210.20 confirms bearish bias, with RSI sliding toward 35 and MACD crossing into negative territory. Immediate support lies at 209.40, while resistance is capped at 210.60. Sustained weakness below 209.70 could expose the pair to further downside toward 208.90, keeping the broader outlook cautious unless buyers reclaim control above 210.80.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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GBPUSD Technical Analysis – 03 Aug, 2026
GBPUSD – At the FXOpen chart, GBPUSD surged to a high of 1.3505 on August 3, 2026
 

At the FXOpen chart, GBPUSD surged to a high of 1.3505 on August 3, 2026, extending its bullish momentum after consolidating above the 1.3440 support zone. The rally reflects sterling strength amid improved domestic sentiment and softer dollar dynamics. Technically, the breakout above 1.3480 confirms upward bias, with RSI climbing toward 70 and MACD maintaining a strong positive crossover. Immediate resistance is seen at 1.3525, while support rests at 1.3460. Sustained trading above 1.3490 could open the path toward 1.3550, though overbought conditions suggest caution as profit taking may emerge near higher levels.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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NZDUSD Technical Analysis – 03 Aug, 2026
NZDUSD – At the FXOpen chart, NZDUSD advanced to a high of 0.5908 on August 3, 2026
 

At the FXOpen chart, NZDUSD advanced to a high of 0.5908 on August 3, 2026, extending its recovery momentum after stabilizing above the 0.5860 support zone. The move reflects kiwi strength amid improved risk sentiment and softer U.S. dollar dynamics. Technically, the breakout above 0.5890 confirms bullish bias, with RSI climbing toward 60 and MACD maintaining a positive crossover. Immediate resistance is seen at 0.5925, while support rests at 0.5875. Sustained trading above 0.5900 could open the path toward 0.5950, though caution is warranted as momentum indicators suggest potential consolidation if buyers lose traction near higher levels.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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NZDUSD Technical Analysis – 03 Aug, 2026
NZDUSD – At the FXOpen chart, NZDUSD advanced to a high of 0.5908 on August 3, 2026
 

At the FXOpen chart, NZDUSD advanced to a high of 0.5908 on August 3, 2026, extending its recovery momentum after stabilizing above the 0.5860 support zone. The move reflects kiwi strength amid improved risk sentiment and softer U.S. dollar dynamics. Technically, the breakout above 0.5890 confirms bullish bias, with RSI climbing toward 60 and MACD maintaining a positive crossover. Immediate resistance is seen at 0.5925, while support rests at 0.5875. Sustained trading above 0.5900 could open the path toward 0.5950, though caution is warranted as momentum indicators suggest potential consolidation if buyers lose traction near higher levels.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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USDCAD Technical Analysis – 03 Aug, 2026
USDCAD – At the FXOpen chart, USDCAD climbed to a high of 1.4053 on August 3, 2026
 

At the FXOpen chart, USDCAD climbed to a high of 1.4053 on August 3, 2026, extending its bullish momentum after consolidating above the 1.3980 support zone. The rally reflects sustained dollar strength against the Canadian dollar, driven by weaker crude oil prices and cautious sentiment in commodity markets. Technically, the breakout above 1.4025 confirms upward bias, with RSI holding near 65 and MACD showing a strong positive crossover. Immediate resistance is seen at 1.4075, while support rests at 1.4000. Sustained trading above 1.4040 could open the path toward 1.4100, though overbought signals suggest potential consolidation ahead.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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USDCAD Technical Analysis – 03 Aug, 2026
USDCAD – At the FXOpen chart, USDCAD climbed to a high of 1.4053 on August 3, 2026
 

At the FXOpen chart, USDCAD climbed to a high of 1.4053 on August 3, 2026, extending its bullish momentum after consolidating above the 1.3980 support zone. The rally reflects sustained dollar strength against the Canadian dollar, driven by weaker crude oil prices and cautious sentiment in commodity markets. Technically, the breakout above 1.4025 confirms upward bias, with RSI holding near 65 and MACD showing a strong positive crossover. Immediate resistance is seen at 1.4075, while support rests at 1.4000. Sustained trading above 1.4040 could open the path toward 1.4100, though overbought signals suggest potential consolidation ahead.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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USDCHF Technical Analysis – 03 Aug, 2026
USDCHF – At the FXOpen chart, USDCHF surged to a high of 0.8115 on August 3, 2026

At the FXOpen chart, USDCHF surged to a high of 0.8115 on August 3, 2026, extending its bullish trajectory after consolidating above the 0.8060 support zone. The move reflects sustained dollar strength against the franc, supported by firm U.S. yields and cautious European sentiment. Technically, the breakout above 0.8090 confirms upward bias, with RSI holding near 65 and MACD maintaining a positive alignment. Immediate resistance is seen at 0.8140, while support rests at 0.8075. Sustained trading above 0.8100 could open the path toward 0.8170, though overbought signals suggest potential consolidation if buyers lose momentum.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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USDCHF Technical Analysis – 03 Aug, 2026
USDCHF – At the FXOpen chart, USDCHF surged to a high of 0.8115 on August 3, 2026

At the FXOpen chart, USDCHF surged to a high of 0.8115 on August 3, 2026, extending its bullish trajectory after consolidating above the 0.8060 support zone. The move reflects sustained dollar strength against the franc, supported by firm U.S. yields and cautious European sentiment. Technically, the breakout above 0.8090 confirms upward bias, with RSI holding near 65 and MACD maintaining a positive alignment. Immediate resistance is seen at 0.8140, while support rests at 0.8075. Sustained trading above 0.8100 could open the path toward 0.8170, though overbought signals suggest potential consolidation if buyers lose momentum.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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USDJPY Technical Analysis – 03 Aug, 2026
USDJPY - At the FXOpen chart, USDJPY registered a low of 155.36 on August 3, 2026
 

At the FXOpen chart, USDJPY registered a low of 155.36 on August 3, 2026, reflecting a corrective pullback after failing to sustain above the 156.20 resistance zone. The decline highlights yen demand amid safe haven flows, while dollar momentum softened following recent highs. Technically, the break below 155.60 confirms short term bearish bias, with RSI sliding toward 40 and MACD crossing into negative territory. Immediate support is located at 155.10, while resistance remains capped at 156.00. Sustained weakness below 155.30 could expose the pair to further downside toward 154.80, keeping the broader outlook cautious unless buyers reclaim control above 156.10.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

[Resolve]

USDJPY Technical Analysis – 03 Aug, 2026
USDJPY - At the FXOpen chart, USDJPY registered a low of 155.36 on August 3, 2026
 

At the FXOpen chart, USDJPY registered a low of 155.36 on August 3, 2026, reflecting a corrective pullback after failing to sustain above the 156.20 resistance zone. The decline highlights yen demand amid safe haven flows, while dollar momentum softened following recent highs. Technically, the break below 155.60 confirms short term bearish bias, with RSI sliding toward 40 and MACD crossing into negative territory. Immediate support is located at 155.10, while resistance remains capped at 156.00. Sustained weakness below 155.30 could expose the pair to further downside toward 154.80, keeping the broader outlook cautious unless buyers reclaim control above 156.10.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.