US Dollar Performance

The US dollar is on the rise, particularly against the yen, increasing by 0.55%. This surge is influencing the broader forex market. A video above offers a technical overview, focusing on USDJPY, GBPUSD, USDCHF, and AUDUSD, while examining bias, risk, and targets.

US Dollar vs. Yen

USDJPY has made another breakout. The high for January 2025 reached 158.86, which surpasses the critical swing zone between 158.55 and 158.86. Earlier today, the market hit the lower edge of this zone, signaling buyers to push prices higher.

This swing area now represents a long risk level; anything above keeps the bullish bias intact. However, if it falls below, buyers may lose their grip. If prices continue climbing, the next target could approach the psychological level of 160.00.

Pound vs. Dollar

GBPUSD is lagging behind both currencies. The 200-hour moving average sits at 1.3465, and the 100-hour is at 1.3444, indicating short-term momentum is shifting back to sellers.

As long as the price stays under the 100-hour MA, downside risks persist. A more manageable risk level for shorts is the 200-hour MA. The next downside target is projected around the 1.3391 to 1.3404 swing zone, reinforced by the 200-day moving average at 1.3390, which has been a significant area of support.

USDCHF Update

USDCHF has reached a new short-term high, testing nearby resistance levels of 0.8017, reflecting highs from both yesterday and last Friday. A sustained break above this point would lead to further gains, potentially targeting the trend line at 0.8047, the highest since December 10th.

On the downside, the 0.8000 mark is a critical risk level, often serving as a support and resistance point in the past, making it an important short-term pivot.

AUDUSD Analysis

AUDUSD tried to rally earlier today but hit resistance at 0.6727 and quickly fell, breaking below the 100-hour and 200-hour moving averages around 0.6700. This selling pressure sent it down to a session low of 0.6674.

Looking ahead, major downside targets include the 61.8% retracement of the December 18th rate increase at 0.66587, which aligns with multiple previous swing highs and lows. If prices drop below this, attention will turn to the support zone between 0.6625 and 0.6635.

For buyers to regain short-term control, prices need to rise above the 100 and 200-hour moving averages, presently near 0.6700.