Weekly Technical Outlook: EURUSD, GBPUSD, USDJPY, and USDCAD

 


Fed rate cut of 25 bps on September 17 is now almost discounted, but the market is also expecting another 75 bps rate cut through January ’26. Thus, all focus of the market was on the Fed’s SEP and dot-plots along with Chair Powell’s presser/Q&A. If Fed dot-plots and Powell indicate consecutive rate cuts of 25 bps in October, December and also January’26 amid Trump pressure and softening labor market despite hotter core inflation, then USD, US bond yield will fall, while Gold, UST, US stocks will gain and vice versa. Fed/Powell may indicate another rate cut of 25 bps in December’25 due to softening labor market, but may not indicate another 50 bps assured rate cuts early in H1CY26 despite Trump’s nominated Fed governors on the Fed board.

Weekly/Positional Technical Outlook: EURUSD, GBPUSD, USDJPY and USDCAD


Looking ahead, whatever may be the narrative, technically EURUSD (1.18600) has to sustain above 1.18700-1.19000 for a further rally to 1.19800/1.20000-1.24500/1.25000 in the coming days; otherwise sustaining below 1.18500, EURUSD may again fall to 1.17800/1.16600-1.15500/1.14900 and further to 1.14500/1.13500-1.12500/1.12000 in the coming days.

 

Looking ahead, whatever may be the narrative, technically GBPUSD (1.36600) now has to sustain above 1.37000 for a further rally to 1.37600*/1.38200* and further to 1.39000/1.40000-1.42100*/1.43100* in the coming days; otherwise sustaining below 1.36800, it may again fall to 1.36300/1.35900-1.35200/1.34100 and further 1.33800/1.33300-1.31000/1.30500 in the coming days.

 

Looking ahead, whatever may be the narrative, technically USDJPY (146.50), now has to sustain above 146.00-145.50 for a rebound to 148.00/148.50-149.25/151.00* and further rally to 153.50/157.00-159.00/160.00 and even 162.00 levels in the coming days; otherwise sustaining below 145.00, USDJPY may further fall to 144.00/142.00-141.00/139.50 in the coming days.


Looking ahead, whatever may be the narrative, technically USDCAD (1.37300), now has to sustain above 1.37100 for a recovery to 1.39500/1.40200-1.41000/1.42700 and further rally to 1.44600/1.45100-1.46000/1.48000 in the coming days; otherwise sustaining below 1.37000, USDCAD may further fall to 1.36500/1.36000-1.35500/1.34300* and 1.34000/1.33500-1.33000/1.30500 in the coming days.


Disclaimer:  I am an NSE-certified Level-2 market professional (Financial Analyst- Fundamental + Technical) and not a SEBI/SEC-registered investment advisor. The article is purely educational and not a proxy for any trading/investment signal/advice.  I am a professional analyst, signal provider, and content writer with over ten years of experience. All views expressed in the blog are strictly personal and may not align with any organization with, I may be associated.

If you want to support independent & professional market analytics, you may contribute to my PayPal A/C: asisjpg@gmail.com

For any professional consultation about the financial market (EQ/COMM/FX), investment, trading ideas, and real-time, professional-grade perfect signals, please DM: ashishghoshjpg@gmail.com or ping me at Telegram id: asisjpg

 

 


Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him for professional levels trading ideas or signals through Gmail/telegram ID: ashishghoshjpg/asisjpg

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