Daily Market Analytics - Forex

[FXOpen Trader]

EURJPY Technical Analysis – 26th MAR, 2026
EURJPY – The Euro versus Japanese Yen pair has recently established a significant swing low at 183.97 on 26 March 2026

EURJPY Technical Analysis – Low 183.97 (26 Mar 2026)

Multi Timeframe Context
The Euro versus Japanese Yen pair has recently established a significant swing low at 183.97 on 26 March 2026, marking a critical juncture in its ongoing bullish cycle. On the weekly chart, EURJPY has been trending upward since late 2025, driven by persistent Yen weakness amid Bank of Japan’s accommodative stance. The low at 183.97 represents a corrective pullback within this broader uptrend, aligning with prior demand zones from January 2026. On the daily timeframe, the rejection candle at 183.97 shows strong buying interest, with price rebounding toward the 185.50 region. This confirms that liquidity was absorbed at the lows, establishing 183.97 as a structural support that could define the next leg higher.

Indicators and Momentum
The Relative Strength Index (RSI) on the daily chart dipped to 35, signalling oversold conditions before recovering toward 45, suggesting that bearish momentum is losing steam. The MACD histogram remains negative but is contracting, hinting at a potential bullish crossover if momentum continues to shift. The 50 day moving average is currently trending near 186.20, acting as immediate resistance, while the 200 day moving average sits higher at 188.50, reinforcing the broader bullish bias. A Fibonacci retracement drawn from the February high at 190.80 down to the March low at 183.97 places the 38.2% retracement at 186.55 and the 61.8% retracement at 188.20, both of which are critical upside checkpoints.

Scenario Implications
•    Bullish Case: Sustaining above 183.97 would favour a corrective rebound toward 186.55, followed by 188.20. A decisive break above the 200 day moving average at 188.50 would open the path toward 190.80, effectively resuming the broader bullish trend. Traders should watch for RSI holding above 50 and MACD crossing into positive territory as confirmation.
•    Bearish Case: A failure to hold above 183.97 would expose EURJPY to deeper downside, with the next support zone around 182.50 and psychological threshold at 180.00. A daily close below 183.97 would reinforce bearish continuation and signal renewed Yen strength.
•    Neutral Case: Consolidation between 183.97 and 188.20 would suggest indecision, with range bound trading dominating until a breakout occurs. This scenario aligns with the broader macro backdrop of mixed Eurozone growth data and Bank of Japan’s ongoing yield curve control policy.

Macro Considerations
The Euro remains influenced by ECB policy and Eurozone growth prospects, while the Yen continues to weaken under the Bank of Japan’s ultra loose monetary stance. Any hawkish tilt from the ECB could strengthen EUR further, while unexpected BOJ intervention could temper Yen weakness. Traders should also monitor global risk sentiment, as the Yen often strengthens during periods of risk aversion, potentially capping EURJPY rallies.

Conclusion
The 183.97 low is now the pivotal anchor for EURJPY. Holding above this level favours a corrective rebound toward 186.55–188.20, while a breakdown would accelerate bearish momentum toward 182.50 and potentially 180.00. With momentum indicators showing early signs of recovery, the pair sits at a decisive juncture where sentiment could swiftly shift depending on macro drivers.

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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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[FXOpen Trader]

EURUSD Technical Analysis – 26th MAR, 2026
EURUSD – The Euro versus US Dollar pair has recently marked a significant swing low at 1.1522 on 26 March 2026

EURUSD Technical Analysis – Low 1.1522 (26 Mar 2026)

Multi Timeframe Context
The Euro versus US Dollar pair has recently marked a significant swing low at 1.1522 on 26 March 2026, a level that now serves as a critical anchor in the broader structure. On the weekly chart, EURUSD has been trending lower since early 2026, reflecting persistent US Dollar strength amid higher yields and cautious Eurozone growth. The low at 1.1522 coincides with prior demand zones from late 2024, suggesting that buyers have re emerged at a historically sensitive area. On the daily timeframe, the rejection candle at 1.1522 shows strong buying interest, with price rebounding toward the 1.1600 handle. This confirms that liquidity was absorbed at the lows, establishing 1.1522 as a structural support that could define the next medium term trend.

Indicators and Momentum
The Relative Strength Index (RSI) on the daily chart dipped to 28, marking oversold conditions before recovering toward 40, signalling potential exhaustion of bearish momentum. The MACD histogram remains negative but is showing signs of contraction, hinting at a possible bullish crossover if momentum continues to shift. The 50 day moving average is trending downward near 1.1650, acting as immediate resistance, while the 200 day moving average sits higher at 1.1800, reinforcing the broader bearish bias. A Fibonacci retracement drawn from the February high at 1.1850 down to the March low at 1.1522 places the 38.2% retracement at 1.1640 and the 61.8% retracement at 1.1730, both of which are critical upside checkpoints.

Scenario Implications
•    Bullish Case: Sustaining above 1.1522 would favour a corrective rebound toward 1.1640, followed by 1.1730. A decisive break above the 200 day moving average at 1.1800 would open the path toward 1.1850, effectively neutralizing the recent bearish sequence. Traders should watch for RSI holding above 50 and MACD crossing into positive territory as confirmation.
•    Bearish Case: A failure to hold above 1.1522 would expose EURUSD to deeper downside, with the next support zone around 1.1450 and psychological threshold at 1.1400. A daily close below 1.1522 would reinforce bearish continuation and signal renewed US Dollar strength.
•    Neutral Case: Consolidation between 1.1522 and 1.1730 would suggest indecision, with range bound trading dominating until a breakout occurs. This scenario aligns with the broader macro backdrop of mixed Eurozone growth data and Federal Reserve policy stance.

Macro Considerations
The Euro remains pressured by uneven growth across the Eurozone and cautious ECB policy, while the US Dollar continues to benefit from higher yields and strong US data. Any dovish tilt from the Federal Reserve could weaken USD, supporting EURUSD recovery. Conversely, persistent risk aversion or stronger US data could cap rallies and pressure the pair back toward its March lows. Traders should also monitor geopolitical risks and global equity sentiment, as these factors often drive flows into or out of the US Dollar.

Conclusion
The 1.1522 low is now the pivotal anchor for EURUSD. Holding above this level favours a corrective rebound toward 1.1640–1.1730, while a breakdown would accelerate bearish momentum toward 1.1450 and potentially 1.1400. With momentum indicators showing early signs of recovery, the pair sits at a decisive juncture where sentiment could swiftly shift depending on macro drivers.

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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.

For in-depth analysis, please check ...

[FXOpen Trader]

GBPJPY Technical Analysis – 26th MAR, 2026
GBPJPY – The British Pound versus Japanese Yen pair has recently registered a significant swing high at 213.30 on 26 March

GBPJPY Technical Analysis – High 213.30 (26 Mar 2026)

Multi Timeframe Context
The British Pound versus Japanese Yen pair has recently registered a significant swing high at 213.30 on 26 March 2026, marking a critical resistance level in its ongoing bullish trajectory. On the weekly chart, GBPJPY has been trending upward since late 2025, driven by persistent Yen weakness under the Bank of Japan’s accommodative stance and relative resilience in UK economic data. The high at 213.30 represents a fresh peak within this cycle, aligning with prior resistance zones from 2007, underscoring its historical importance. On the daily timeframe, the rejection candle at 213.30 shows strong selling pressure, with price retreating toward the 211.50 region. This confirms that liquidity was absorbed at the highs, establishing 213.30 as a structural resistance that could define the next medium term move.

Indicators and Momentum
The Relative Strength Index (RSI) on the daily chart surged to 72, signalling overbought conditions before retreating toward 65, suggesting that bullish momentum is cooling. The MACD histogram remains positive but is flattening, hinting at a potential slowdown in upward momentum. The 50 day moving average is trending upward near 209.80, acting as dynamic support, while the 200 day moving average sits lower at 202.50, reinforcing the broader bullish bias. A Fibonacci retracement drawn from the February low at 202.00 up to the March high at 213.30 places the 38.2% retracement at 209.50 and the 61.8% retracement at 206.80, both of which are critical downside checkpoints.

Scenario Implications
•    Bullish Case: Sustaining above 211.50 would favour a retest of 213.30, with a decisive break opening the path toward 215.00 and potentially 217.50. A continuation of higher highs and higher lows would confirm the bullish trend, with RSI holding above 60 and MACD maintaining positive momentum as key signals.
•    Bearish Case: A failure to reclaim 213.30 would expose GBPJPY to corrective downside, with immediate support at 209.50 and deeper retracement toward 206.80. A daily close below 209.50 would reinforce bearish correction and signal renewed Yen strength.
•    Neutral Case: Consolidation between 209.50 and 213.30 would suggest indecision, with range bound trading dominating until a breakout occurs. This scenario aligns with the broader macro backdrop of mixed UK growth data and BOJ’s yield curve control policy.

Macro Considerations
The Pound remains influenced by Bank of England policy and UK economic resilience, while the Yen continues to weaken under the BOJ’s ultra loose monetary stance. Any hawkish tilt from the BoE could strengthen GBP further, while unexpected BOJ intervention could temper Yen weakness. Traders should also monitor global risk sentiment, as the Yen often strengthens during periods of risk aversion, potentially capping GBPJPY rallies. Additionally, UK inflation trends and Japanese bond market dynamics will play a pivotal role in shaping medium term direction.

Conclusion
The 213.30 high is now the pivotal anchor for GBPJPY. Holding below this level favours corrective downside toward 209.50–206.80, while a breakout above 213.30 would accelerate bullish momentum toward 215.00–217.50. With momentum indicators showing signs of cooling, the pair sits at a decisive juncture where sentiment could swiftly shift depending on macro drivers and central bank policy signals.

#fxopen #forex #forexanalysis

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.

For in-depth analysis, please check ...