Start your currency trading on April 18 with a technical overview of EURUSD, USDJPY and GBPUSD.

Start your currency trading on April 18, 2024, with a technical overview of the 3 major currency pairs: EURUSD, USDJPY and GBPUSD.

EURUSD reached a new session high for the week and above a swing zone between 1.0655 and 1.0675, but was unable to extend above the target of 1.0694 from February. Buyers turned to sellers. The price is back in the aforementioned swing zone.

USDJPY fell from its highest levels since 1990 on Tuesday to 154.78. Today’s corrective low managed to move below its 100-day bullish moving average (currently at 154.174), but COULD NOT move below the 38.2% retracement of the last uptrend move at 153.94. Sellers turned to buyers. The price moved back above the 100-day moving average. Buyers are always in control.

GBPUSD has traded up and down this week. Yesterday and today, the price has traded above and below its midpoint of 50% upside from the October 2023 low. This level sits at 1.24646. Staying below this level, and remaining below the swing zone between 1.2427 and 1.2449, would technically increase the bearish bias.