Wednesday 25th June 2025: Technical Outlook and Review

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DXY (US Dollar Index):

Potential Direction: Bearish

Overall momentum of the chart: Bearish

The price could rise toward the pivot and potentially make a bearish reversal off this level to fall toward the 1st support.

Pivot: 98.34

Supporting reasons: Identified as a pullback resistance that aligns with the 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 97.21

Supporting reasons: Identified as a support that aligns with the 127.2% Fibonacci extension, indicating a potential area where the price could stabilize once again.

1st resistance: 99.30
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential level that could cap further upward movement.

EUR/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price is trading close to the pivot and could potentially make a bearish reversal off this level to pull back toward the 1st support.

Pivot: 1.1631

Supporting reasons: Identified as a swing-high resistance, indicating a potential area where selling pressures could intensify.

1st support: 1.1552
Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, indicating a potential area where the price could again stabilize.

1st resistance: 1.1677

Supporting reasons: Identified as a swing-high resistance that aligns with 127.2% Fibonacci extension, indicating a potential area that could halt any further upward movement.

EUR/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum. 

Pivot: 167.48

Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, indicating a potential area where buying interest could pick up to resume the uptrend.

1st support: 166.16
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could again stabilize.

1st resistance: 169.54
Supporting reasons: Identified as a swing-high resistance and acting as a key area that could halt any further upward movement.

EUR/GBP: 

Potential Direction: Bullish
Overall momentum of the chart: Bullish

The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.

Pivot: 0.8516

Supporting reasons: Identified as a pullback support that aligns closely with the 23.6% Fibonacci retracement, indicating a potential area where buying interest could pick up to resume the uptrend.

1st support: 0.8461
Supporting reasons: Identified as a pullback support that aligns closely with the 50% Fibonacci retracement, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8568
Supporting reasons: Identified as a swing-high resistance, indicating a potential level that could cap further upward movement.

GBP/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price is trading close to the pivot and could potentially make a bearish reversal off this level to pull back toward the 1st support.

Pivot: 1.3632

Supporting reasons: Identified as a swing-high resistance, indicating a potential area where selling pressures could intensify.

1st support: 1.3533
Supporting reasons: Identified as a pullback support that aligns closely with the 38.2% Fibonacci retracement, indicating a potential area where the price could stabilize once more.

1st resistance: 1.3711
Supporting reasons: Identified as a swing-high resistance that aligns with 127.2% Fibonacci extension, indicating a potential level that could cap further upward movement.

GBP/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance.

Pivot: 196.75

Supporting reasons: Identified as a pullback support that aligns closely with the 38.2% Fibonacci retracement, indicating a potential area where buying interest could pick up to resume the uptrend.

1st support: 195.01

Supporting reasons: Identified as a pullback support that aligns closely with the 78.6% Fibonacci retracement, indicating a potential level where the price could stabilize once more.

1st resistance: 198.59
Supporting reasons: Identified as a resistance that aligns with the 161.8% Fibonacci extension, acting as a key area that could halt any further upward movement.

USD/CHF:

Potential Direction: Bearish

Overall momentum of the chart: Bearish

The price is rising toward the pivot and could potentially make a bearish reversal off this level to fall toward the 1st support.

Pivot: 0.8129

Supporting reasons: Identified as an overlap resistance that aligns closely with the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 0.8012
Supporting reasons: Identified as a support that aligns with the 127.2% Fibonacci extension, indicating a potential level where the price could stabilize once again.

1st resistance: 0.8196
Supporting reasons: Identified as a swing-high resistance, indicating a potential level that could cap further upward movement.

USD/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bearish

The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance.

Pivot: 144.35

Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up to stage a minor rebound.

1st support: 143.09
Supporting reasons: Identified as a swing-low support, suggesting a potential area where the price could stabilize once more.

1st resistance: 145.29
Supporting reasons: Identified as an overlap resistance that aligns with the 23.6% Fibonacci retracement, indicating a potential level that could cap further upward movement.

USD/CAD:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price has made a bullish bounce close to the pivot and could potentially rise toward the 1st resistance.

Pivot: 1.3674

Supporting reasons: Identified as a pullback support that aligns with a 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 1.3599

Supporting reasons: Identified as a pullback support that aligns with a 78.6% Fibonacci retracement, indicating a key level where the price could stabilize once more.

1st resistance: 1.3793

Supporting reasons: Identified as an overlap resistance that aligns with a 78.6% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

AUD/USD:

Potential Direction: Bullish

Overall momentum of the chart: Neutral

The price has made a bullish bounce close to the pivot and could potentially rise toward the 1st resistance.

Pivot: 0.6492

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 0.6447

Supporting reasons: Identified as a pullback support that aligns with a 50% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.

1st resistance: 0.6545
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.

NZD/USD

Potential Direction: Bullish

Overall momentum of the chart: Neutral

The price has made a bullish bounce close to the pivot and could potentially rise toward the 1st resistance.

Pivot: 0.6005
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 0.5956

Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once more.

1st resistance: 0.6078

Supporting reasons: Identified as a swing-high resistance that aligns closely with a 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

US30 (DJIA):

Potential Direction: Bullish

Overall momentum of the chart: Neutral

The price has made a bullish bounce close to the pivot and could potentially rise toward the 1st resistance.

Pivot: 42,584.80

Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 42,338.80

Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once again.

1st resistance: 43,231.23

Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.

DE40 (DAX):

Potential Direction: Bullish

Overall momentum of the chart: Neutral

The price has made a bullish bounce close to the pivot and could potentially rise toward the 1st resistance.

Pivot: 23,647.03
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 23,404.00

Supporting reasons: Identified as a pullback support, indicating a key level where the price could stabilize once more.

1st resistance: 23,912.60
Supporting reasons: Identified as an overlap resistance that aligns with a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

US500 (S&P 500): 

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could rise toward the pivot and potentially make a bearish reversal off this level to pull back toward the 1st support.

Pivot: 6,127.80

Supporting reasons: Identified as a multi-swing-high resistance that aligns closely with a 161.8% Fibonacci extension, indicating a potential area where selling pressures could intensify.

1st support: 6,044.40

Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once again.

1st resistance: 6,175.84

Supporting reasons: Identified as a resistance that aligns with a 78.6% Fibonacci projection, indicating a potential area that could halt any further upward movement.

BTC/USD (Bitcoin):

Potential Direction: Bullish

Overall momentum of the chart: Neutral

The price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.

Pivot: 103,943.66

Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 101,141.44
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.

1st resistance: 108,761.68
Supporting reasons: Identified as a swing-high resistance that aligns with a 127.2% Fibonacci extension, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bearish

Overall momentum of the chart: Bearish

The price is trading close to the pivot and could potentially make a bearish reversal off this level to fall toward the 1st support.

Pivot: 2,468.15
Supporting reasons: Identified as a pullback resistance that aligns with a 61.8% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 2,175.11
Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once again.

1st resistance: 2,651.84
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):

Potential Direction: Bearish

Overall momentum of the chart: Bearish

The price could rise toward the pivot and potentially make a bearish reversal off this level to fall toward the 1st support.

Pivot: 70.19

Supporting reasons: Identified as a pullback resistance that aligns closely with a 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 64.68
Supporting reasons: Identified as a pullback support that aligns closely with a 61.8% Fibonacci retracement, indicating a key level where the price could stabilize once more.

1st resistance: 73.41
Supporting reasons: Identified as a pullback resistance that aligns closely with a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

XAU/USD (GOLD):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

The price is rising toward the pivot and could potentially make a bearish reversal off this level to fall toward the 1st support. The presence of the red Ichimoku Cloud adds further significance to the strength of the downward momentum.

Pivot: 3,339.40

Supporting reasons: Identified as an overlap resistance that aligns closely with the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 3,297.74
Supporting reasons: Identified as a multi-swing-low support, providing a significant level for a potential bullish reversal.

1st resistance: 3,389.16
Supporting reasons: Identified as an overlap resistance that aligns with the 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

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The post Wednesday 25th June 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.

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