{"id":439638,"date":"2026-10-07T22:32:22","date_gmt":"2026-10-07T15:32:22","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-usd-is-mostly-higher-what-are-the-technicals-telling-traders-for-the-eurusd-usdjpy-gbpusd-439638\/"},"modified":"2026-10-07T22:32:22","modified_gmt":"2026-10-07T15:32:22","slug":"the-usd-is-mostly-higher-what-are-the-technicals-telling-traders-for-the-eurusd-usdjpy-gbpusd","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-usd-is-mostly-higher-what-are-the-technicals-telling-traders-for-the-eurusd-usdjpy-gbpusd-439638\/","title":{"rendered":"The USD is mostly higher.  What are the technicals telling traders for the EURUSD, USDJPY &amp; GBPUSD?"},"content":{"rendered":"<div>\n<p>In the video above, I take a look at the three major currency pairs\u2014EURUSD, USDJPY and GBPUSD\u2014from a technical perspective. For each pair, I outline the bias, the risk-defining levels and the targets that would give either the buyers or sellers more control.<\/p>\n<p>The dollar is higher, but where does that leave traders? In the Kickstart video above, I take a technical look at EURUSD, USDJPY and GBPUSD and outline the levels that define the bias, limit the risk and provide the next targets.<\/p>\n<p>By about 11:25 a.m. ET, U.S. stocks are trading lower, longer-term Treasury yields are rising, and precious metals and Bitcoin are under pressure. Crude oil is modestly higher as traders continue to weigh supply risks.<\/p>\n<p>The Fed\u2019s September meeting minutes remain a key event this afternoon. Traders will be looking for clues about officials\u2019 appetite for additional tightening following September\u2019s rate increase.<\/p>\n<p>The dollar is higher across the board<\/p>\n<p>The dollar\u2019s strongest advance is against the euro. Its gain against the yen is much smaller, making the yen the most resilient major currency against the greenback.<\/p>\n<p>The latest currency levels show:<\/p>\n<ul>\n<li>\n<p>EURUSD: 1.1190, down 0.60%.<\/p>\n<\/li>\n<li>\n<p>GBPUSD: 1.3207, down 0.49%.<\/p>\n<\/li>\n<li>\n<p>NZDUSD: 0.5594, down 0.48%.<\/p>\n<\/li>\n<li>\n<p>AUDUSD: 0.6959, down 0.33%.<\/p>\n<\/li>\n<li>\n<p>USDCAD: 1.4255, up 0.34%.<\/p>\n<\/li>\n<li>\n<p>USDCHF: 0.8331, up 0.20%.<\/p>\n<\/li>\n<li>\n<p>USDJPY: 158.15, up 0.03%.<\/p>\n<\/li>\n<\/ul>\n<p>The direction is consistent, but the magnitude is different. The dollar is making meaningful gains against the euro, pound and commodity currencies, while USDJPY is little changed.<\/p>\n<p>Currency ranges and immediate reference levels<\/p>\n<p>For the three major pairs, today\u2019s low-to-high ranges are:<\/p>\n<ul>\n<li>\n<p>EURUSD: 1.1166 to 1.1264 \u2014 98 pips.<\/p>\n<\/li>\n<li>\n<p>USDJPY: 157.86 to 158.50 \u2014 64 pips.<\/p>\n<\/li>\n<li>\n<p>GBPUSD: 1.3194 to 1.3275 \u2014 81 pips.<\/p>\n<\/li>\n<\/ul>\n<p>EURUSD is trading in the lower portion of its range. The 1.1166 session low is the immediate downside reference. A break below and stay below would extend the day\u2019s bearish move. Holding that low would give buyers an opportunity to stabilize the price, but they would still need upside follow-through.<\/p>\n<p>USDJPY is between its session extremes. The dollar\u2019s broad strength has produced only a small net gain in this pair. A move through 158.50 would extend the upside range, while a break below 157.86 would shift the intraday price action toward sellers.<\/p>\n<p>GBPUSD is also trading near its session low. Sellers have the stronger hand in today\u2019s price action, with 1.3194 the immediate downside reference. Buyers need to hold that low and build a recovery to interrupt the selling pressure.<\/p>\n<p>For a beginner trader, a session high or low is a useful reference, but it becomes more meaningful when it lines up with a moving average, swing area or retracement. Those are the relationships I examine in the video.<\/p>\n<p>U.S. stocks retreat<\/p>\n<p>The cash indices are lower as stocks react to higher yields and oil along with the risks of a slowdown.\u00a0 The Dow is leading the way lower along with the small cap Russell 2000 (impacted by the higher yields).\u00a0\u00a0<\/p>\n<ul>\n<li>\n<p>Dow industrial average: 50,990.11, down 536.03 points or 1.04%.<\/p>\n<\/li>\n<li>\n<p>S&amp;P 500: 7,775.67, down 43.25 points or 0.55%.<\/p>\n<\/li>\n<li>\n<p>Nasdaq Composite: 27,419.92, down 179.88 points or 0.65%.<\/p>\n<\/li>\n<li>\n<p>Nasdaq 100: 31,030.35, down 194.33 points or 0.62%.<\/p>\n<\/li>\n<li>\n<p>Russell 2000: 2,788.6675, down 41.6299 points or 1.47%.<\/p>\n<\/li>\n<\/ul>\n<p>The Russell 2000 is leading the percentage declines, while the Dow is also down more than 1%. The selling extends beyond technology.<\/p>\n<p>Treasury yields: The long end moves higher<\/p>\n<p>The Treasury curve shows a split between short- and longer-term maturities:<\/p>\n<ul>\n<li>\n<p>2-year: 4.7891%, down 0.19 basis points.<\/p>\n<\/li>\n<li>\n<p>5-year: 5.0481%, up 2.01 basis points.<\/p>\n<\/li>\n<li>\n<p>10-year: 5.3177%, up 4.67 basis points.<\/p>\n<\/li>\n<li>\n<p>30-year: 5.6936%, up 5.26 basis points.<\/p>\n<\/li>\n<\/ul>\n<p>The 2-year yield is nearly unchanged, while the 10- and 30-year yields are rising more noticeably. That distinction matters. Today\u2019s bond move is concentrated farther out on the curve, where higher yields can increase longer-term financing costs and make equity valuations harder to support.<\/p>\n<p>Oil: Supply risks remain in focus<\/p>\n<p>Crude oil futures are trading at $89.73, up $0.29 or 0.32%.<\/p>\n<p><a href=\"https:\/\/investinglive.com\/commodities\/add-a-new-risk-to-keep-oil-near-100-gulf-hurricane-joins-houthi-strikes-and-iran-tensions\/\" rel=\"follow\">InvestingLive\u2019s overnight oil coverage<\/a> highlights escalating Houthi attacks on Saudi Arabia and a Gulf of Mexico storm threatening energy facilities. Improving Middle East export flows provide a counterweight, but uncertainty around U.S.-Iran relations continues to support a supply-risk premium.<\/p>\n<p>The practical distinction is between threats to crude production and threats to refining. A refinery shutdown can tighten gasoline and diesel supplies while temporarily reducing demand for crude. The location of any disruption matters as much as the headline.<\/p>\n<p>Gold, silver and Bitcoin fall<\/p>\n<p>The latest prices show:<\/p>\n<ul>\n<li>\n<p>Spot gold: $4,100.21, down $63.09 or 1.52%.<\/p>\n<\/li>\n<li>\n<p>Silver: $59.6070, down $1.7283 or 2.82%.<\/p>\n<\/li>\n<li>\n<p>Bitcoin: $82,983, down $2,571 or 3.00%.<\/p>\n<\/li>\n<li>\n<p>Copper: $6.6510, up $0.0015 or 0.02%.<\/p>\n<\/li>\n<\/ul>\n<p>Gold and silver are falling alongside a stronger dollar and higher longer-term yields. Bitcoin is also under pressure. <a href=\"https:\/\/investinglive.com\/cryptocurrency\/bitcoin-dips-as-over-400-million-in-crypto-longs-are-liquidated-in-just-one-hour\/\" rel=\"follow\">InvestingLive reported an overnight liquidation wave<\/a>, with more than $400 million of leveraged long positions reportedly liquidated in roughly one hour.<\/p>\n<p>What matters next?<\/p>\n<p>The Fed minutes are the next major policy event. The key question is whether the discussion reinforces expectations for another rate increase or shows greater willingness to wait for incoming data.<\/p>\n<p>For traders, the release is a potential catalyst. The technical levels provide the test: Can the dollar extend its gains and stay beyond a key level, or does the initial move fail?<\/p>\n<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In the video above, I take a look at the three major currency pairs\u2014EURUSD, USDJPY and GBPUSD\u2014from a technical perspective. For each pair, I outline the bias, the risk-defining levels and the&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-439638","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=439638"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439638\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}