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Forex•7 April 2026•

1 min read

Technical Analysis: Critical Support and Resistance Levels for USD/JPY, GBP/USD, and EUR/USD

Key Facts

1USD/JPY rebounded from the 157.25-65 support zone, with resistance levels identified at 160.20 and 161.95.

2GBP/USD maintains a chance for a rebound toward 1.3485 as long as it stays above 1.3160, with further support at 1.3010.

3EUR/USD is forming a triangle that could be a 'Bear Flag' pattern, potentially pushing the price toward the 1.1200 zone.

A recent technical report from Orbex highlights significant price action across major currency pairs, noting that USD/JPY has successfully rebounded from the 157.25-65 support zone. The pair now faces identified resistance levels at 160.20 and 161.95, which will be crucial for its next directional move. Meanwhile, GBP/USD maintains a potential rebound target of 1.3485, provided it remains above the 1.3160 support level. Should the pound fail to hold this level, analysts point to further support located at 1.3010. In the Eurozone, EUR/USD is currently forming a triangle pattern that may signal a 'Bear Flag' formation. This technical setup suggests a potential move toward the 1.1200 zone if bearish momentum persists and the pattern is confirmed.

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