Daily Market Analysis - Majors

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EURJPY Technical Analysis – 11 Aug, 2026
EURJPY – At the FXOpen chart, EURJPY recorded a high of 183.90 on 11 August 2026

At the FXOpen chart, EURJPY recorded a high of 183.90 on 11 August 2026, highlighting the pair’s strong bullish momentum amid persistent yen weakness. The surge reflects continued divergence in monetary policy, with the European Central Bank maintaining a firmer stance compared to the Bank of Japan’s accommodative framework. Technically, the high aligns with the upper boundary of a rising channel, reinforcing the prevailing uptrend. RSI readings remain elevated, suggesting overbought conditions, yet price action shows no immediate reversal signals. Holding above 182.50 as support keeps the bias constructive, with potential extensions toward 185.00 if momentum sustains.

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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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EURUSD Technical Analysis – 11 Aug, 2026
EURUSD – At the FXOpen chart, EURUSD touched a low of 1.1531 on 11 August 2026

At the FXOpen chart, EURUSD touched a low of 1.1531 on 11 August 2026, signalling renewed bearish momentum after failing to sustain gains above 1.1600. The decline reflects dollar strength amid firm U.S. yields, while euro sentiment remains pressured by sluggish growth data. Technically, the low coincides with the 200-day moving average, a critical support zone that has historically attracted buying interest. Momentum indicators show bearish bias, with RSI trending lower but not yet oversold, suggesting room for further downside. A decisive break below 1.1530 could expose 1.1500, while recovery above 1.1580 would ease immediate selling pressure.

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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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GBPJPY Technical Analysis – 11 Aug, 2026
GBPJPY – At the FXOpen chart, GBPJPY reached a high of 215.20 on 11 August 2026

At the FXOpen chart, GBPJPY reached a high of 215.20 on 11 August 2026, extending its bullish trajectory fuelled by persistent yen weakness and sterling resilience. The move underscores strong upward momentum, with price action firmly supported by the 20-day moving average, which continues to slope higher. The high coincides with a psychological resistance zone, where profit-taking could emerge, yet technical indicators remain constructive. RSI readings hover near overbought levels, suggesting potential short-term consolidation, but the broader trend favours continuation. Holding above 213.50 as support keeps the bias intact, with scope for further gains toward 216.50 if momentum persists.

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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.

Edited 1 hour ago by Resolve

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GBPUSD Technical Analysis – 11 Aug, 2026
GBPUSD – At the FXOpen chart, GBPUSD posted a low of 1.3493 on 11 August 2026

At the FXOpen chart, GBPUSD posted a low of 1.3493 on 11 August 2026, reflecting sustained bearish sentiment as the dollar extended its dominance. The decline underscores sterling’s vulnerability amid weaker UK economic data and cautious market outlook. Technically, the low coincides with a critical support zone near the 1.3500 psychological level, which has historically acted as a pivot. Momentum indicators remain bearish, with RSI trending lower but not yet oversold, suggesting potential continuation. A decisive break below 1.3490 could expose 1.3450, while recovery above 1.3540 would be required to shift bias back toward stabilization.

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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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NZDUSD Technical Analysis – 11 Aug, 2026
NZDUSD – At the FXOpen chart, NZDUSD registered a low of 0.5868 on 11 August 2026

At the FXOpen chart, NZDUSD registered a low of 0.5868 on 11 August 2026, reflecting persistent weakness in the kiwi amid strong U.S. dollar demand. The decline underscores the pair’s vulnerability as global risk sentiment remains fragile, weighing on commodity-linked currencies. Technically, the low aligns with a key support zone near 0.5870, which has previously acted as a pivot in downside moves. Momentum indicators remain bearish, with RSI trending lower but not yet oversold, suggesting scope for further weakness. A break below 0.5865 could expose 0.5820, while recovery above 0.5910 would be needed to stabilize near-term sentiment.

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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 – 11 Aug, 2026
USDCAD – At the FXOpen chart, USDCAD recorded a low of 1.3916 on 11 August 2026

At the FXOpen chart, USDCAD recorded a low of 1.3916 on 11 August 2026, reflecting a corrective pullback within its broader bullish structure. The decline highlights temporary Canadian dollar strength, supported by firm commodity prices, yet the overall trend remains dollar-dominated. Technically, the low coincides with the 50-day moving average, acting as dynamic support and maintaining the pair’s upward bias. Momentum indicators show easing bullish pressure, with RSI drifting toward neutral levels, suggesting consolidation rather than reversal. Holding above 1.3900 keeps the structure intact, while recovery above 1.3960 would reinforce bullish momentum toward the 1.4000 psychological threshold.

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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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USDCHF Technical Analysis – 11 Aug, 2026
USDCHF – At the FXOpen chart, USDCHF registered a high of 0.8120 on 11 August 2026

At the FXOpen chart, USDCHF registered a high of 0.8120 on 11 August 2026, reflecting a notable rebound in dollar strength against the franc. The move underscores renewed safe-haven demand for the dollar, while the franc’s defensive appeal has softened amid stabilizing European risk sentiment. Technically, the high coincides with the upper boundary of a short-term ascending channel, reinforcing bullish momentum. RSI readings approach overbought territory, suggesting potential consolidation, yet price action remains constructive. Holding above 0.8080 as support keeps the bias intact, with scope for further gains toward 0.8150 if buyers maintain control.

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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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USDJPY Technical Analysis – 11 Aug, 2026
USDJPY - At the FXOpen chart, USDJPY surged to a high of 159.37 on 11 August 2026

At the FXOpen chart, USDJPY surged to a high of 159.37 on 11 August 2026, underscoring the pair’s entrenched bullish momentum amid persistent yen weakness. The move reflects widening yield differentials, with U.S. rates remaining elevated while the Bank of Japan sustains its accommodative stance. Technically, the high coincides with the upper boundary of a rising channel, reinforcing the strength of the ongoing uptrend. RSI readings remain firmly in overbought territory, suggesting potential short-term consolidation, yet no clear reversal signals are evident. Holding above 158.50 as support keeps the bias constructive, with scope for further gains toward 160.00.

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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.