EUR/USD declined from 1.1800 and traded below 1.1750. USD/JPY is rising and might gain pace above 158.00 and 158.80.
Important Takeaways for EUR/USD and USD/JPY Analysis Today
- The Euro started a fresh decline after a decent move to 1.1800.
- There was a break below a key bullish trend line with support at 1.1765 on the hourly chart of EUR/USD at FXOpen.
- USD/JPY climbed higher above the 156.40 and 157.10 levels.
- There is a major bullish trend line forming with support at 157.40 on the hourly chart at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair climbed above the 1.1780 resistance zone before the bears appeared, as discussed in the previous analysis. The Euro started a fresh decline and traded below 1.1765 against the US Dollar.
There was a break below a key bullish trend line with support at 1.1765. The pair declined below 1.1750 and tested 1.1720. A low was formed near 1.1721 and the pair started a consolidation phase.
There was a minor recovery wave above 1.1740 and the 23.6% Fib retracement level of the downward move from the 1.1787 swing high to the 1.1721 low. EUR/USD is still trading below 1.1750 and the 50-hour simple moving average.
On the upside, the pair is now facing hurdles near 1.1745. The next key resistance is 1.1755 and the 50% Fib retracement. The main barrier for the bulls could be 1.1785. A clear move above 1.1785 could send the pair toward 1.1840. An upside break above 1.1840 could set the pace for another increase. In the stated case, the pair might rise toward 1.1920.
If not, the pair might resume its decline. The first major support on the EUR/USD chart is near 1.1720. The next important region for buyers sits at 1.1700. If there is a downside break below 1.1700, the pair could drop toward 1.1675. Any more losses might send the pair toward 1.1640.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen, the pair started a fresh upward move from 155.00. The US Dollar gained bullish momentum above 156.50 against the Japanese Yen.
It even cleared the 50-hour simple moving average and 157.00. The pair climbed above 157.50 and traded as high as 157.78. The pair is now consolidating gains above the 23.6% Fib retracement level of the upward move from the 155.03 swing low to the 157.78 high.
The current price action above 157.40 is positive. Immediate resistance on the USD/JPY chart sits at 157.80. The first key hurdle is near 158.00. If there is a close above 158.00 and the RSI moves above 65, the pair could rise toward 158.80.
The next major stop for the bulls could be 159.50, above which the pair could test 160.00 in the coming days. On the downside, the first major support is 157.40, a bullish trend line, and the 50-hour simple moving average.
The next area of interest for buyers could be 157.10. If there is a close below 157.10, the pair could decline steadily. In the stated case, the pair might drop toward the 50% Fib retracement at 156.40. Any more losses might open the doors for a drop to 155.00.
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Editorial note: This recovered market brief has been cleaned and reclassified by Next Move Markets for educational market intelligence. It is not investment advice.
Next Move Markets desk view
For active traders, this brief should be read through the lens of currency markets rather than as a standalone headline. The key question is whether the theme behind EUR/USD Revisits Support While USD/JPY Eyes Bigger Recovery Move can influence positioning beyond the first reaction. That means watching central-bank expectations, yield differentials, dollar momentum and risk appetite together, not in isolation.
A richer trading read comes from separating the catalyst from confirmation. The catalyst explains why markets are paying attention; confirmation comes from price action, liquidity and cross-asset behavior after the headline is digested. If those signals do not align, traders should treat the move as fragile and keep risk tighter.
What traders should watch next
- Whether the move is confirmed by the U.S. dollar index and short-term rate expectations.
- How London and New York liquidity react once the initial headline risk is absorbed.
- Whether price action respects the latest support and resistance zones instead of fading immediately.
- Any follow-up comments from central-bank officials or data releases that change the rate path.
Risk context
This article is a market-intelligence brief, not a trade recommendation. Before acting on the theme, traders should define invalidation, position size and the time horizon of the setup. The same headline can support a short-term reaction and still fail as a multi-session trend if liquidity, policy expectations or broader sentiment move the other way.
Scenario map
The base case is that traders keep this theme on the radar while waiting for confirmation from central-bank expectations, yield differentials, dollar momentum and risk appetite. A stronger continuation scenario requires follow-through after the first reaction, preferably with related assets moving in the same direction. A failure scenario develops if the headline is quickly absorbed, volatility fades and price returns inside the previous range.
For currency markets, the most useful approach is to compare the article theme with live market behavior. If the market confirms the narrative, pullbacks can become more constructive. If the market rejects it, the headline becomes background noise rather than a trading driver.
Execution discipline
- Define the level first: traders should know where the idea is invalidated before thinking about upside or downside.
- Separate news from setup: EUR/USD Revisits Support While USD/JPY Eyes Bigger Recovery Move may explain attention, but entry quality still depends on timing, liquidity and risk/reward.
- Watch confirmation: a clean move usually appears across related markets, not only in one isolated instrument.
- Control exposure: if volatility expands, smaller position sizing can be more professional than chasing the headline.
Next Move Markets treats this kind of brief as a starting point for preparation: identify the driver, map the scenarios, then wait for the market to prove which path is actually being priced.
Next Move Markets desk view
For active traders, this brief should be read through the lens of currency markets rather than as a standalone headline. The key question is whether the theme behind EUR/USD Revisits Support While USD/JPY Eyes Bigger Recovery Move can influence positioning beyond the first reaction. That means watching central-bank expectations, yield differentials, dollar momentum and risk appetite together, not in isolation.
A richer trading read comes from separating the catalyst from confirmation. The catalyst explains why markets are paying attention; confirmation comes from price action, liquidity and cross-asset behavior after the headline is digested. If those signals do not align, traders should treat the move as fragile and keep risk tighter.
What traders should watch next
- Whether the move is confirmed by the U.S. dollar index and short-term rate expectations.
- How London and New York liquidity react once the initial headline risk is absorbed.
- Whether price action respects the latest support and resistance zones instead of fading immediately.
- Any follow-up comments from central-bank officials or data releases that change the rate path.
Risk context
This article is a market-intelligence brief, not a trade recommendation. Before acting on the theme, traders should define invalidation, position size and the time horizon of the setup. The same headline can support a short-term reaction and still fail as a multi-session trend if liquidity, policy expectations or broader sentiment move the other way.
Scenario map
The base case is that traders keep this theme on the radar while waiting for confirmation from central-bank expectations, yield differentials, dollar momentum and risk appetite. A stronger continuation scenario requires follow-through after the first reaction, preferably with related assets moving in the same direction. A failure scenario develops if the headline is quickly absorbed, volatility fades and price returns inside the previous range.
For currency markets, the most useful approach is to compare the article theme with live market behavior. If the market confirms the narrative, pullbacks can become more constructive. If the market rejects it, the headline becomes background noise rather than a trading driver.
Execution discipline
- Define the level first: traders should know where the idea is invalidated before thinking about upside or downside.
- Separate news from setup: EUR/USD Revisits Support While USD/JPY Eyes Bigger Recovery Move may explain attention, but entry quality still depends on timing, liquidity and risk/reward.
- Watch confirmation: a clean move usually appears across related markets, not only in one isolated instrument.
- Control exposure: if volatility expands, smaller position sizing can be more professional than chasing the headline.
Next Move Markets treats this kind of brief as a starting point for preparation: identify the driver, map the scenarios, then wait for the market to prove which path is actually being priced.
