Technical Analysis

Trade of The Day – AUD/JPY

April 3, 2026

Facts:
Pair bounced off the lower limit of the 1:1 structure at 109.80
The main sentiment remains bullish from April 2025

Recommendation:
Trade: Long AUDJPY at market price
Target: 113.45
Stop: 108.80

Opinion: Looking at the D1 interval on AUDJPY chart, one can see that the price bounced off the key support. The support is marked with the lower limit of 1:1 structure at 109.80. In addition, the price sits above the 100-period moving average from the D1 interval. Taking this into account, another upward impulse is the base case scenario. We recommend going long AUDJPY at market price with a target of 113.45. We also recommend placing a stop loss order at 108.80. Source: xStation5

EUR/GBP Analysis – Euro stalls below the 0.8740 resistance area

April 3, 2026

EUR/GBP flatlines around 0.8720 on Friday after bouncing from 0.8700 support.
The pair has rallied nearly 1% over the last three weeks, despite the risk-off sentiment.
The Euro is likely to require an additional impulse to breach resistance at 0.8740.

EUR/GBP’s reversal from one-month highs at 0.8740 found support above 0.8700 earlier this week, before stalling halfway through the last few days’ range around 0.8720. Technical indicators show waning bullish momentum, while thinned market volumes suggest that further consolidation is the most likely outcome on Friday.

The Euro (EUR) remains on track for a nearly 0.5% weekly gain and is nearly 1% up over the last three weeks. The risk-averse sentiment stemming from the war in Iran has been weighing both currencies against the safe-haven US Dollar (USD). Still, the positive manufacturing activity and the moderate uptick in inflation seen in the Eurozone earlier this week have provided some support to the Euro (EUR), while UK manufacturing PMI failed to convince investors.

EUR/GBP’s near-term bias remains mildly bullish, although technical indicators point to a weakening momentum. The 4-hour Relative Strength Index at 58 stays above its midline, but the Moving Average Convergence Divergence (MACD) indicator slips marginally below the zero line, and the MACD line has crossed below the Signal line, which is a bearish sign.

Bears will have to breach Wednesday’s and Tuesday’s lows, at 0.8705 and 0.8676, respectively, to undermine the near-term bullish structure and expose the 0.8630-08635 area, which provided support to the pair on March 23, 24, and 26.

On the upside, bulls are likely to require additional impulse to break resistance at the 0.8740 area (March 3 and April 1 highs), and shift the focus to the key area between 0.8790 and 0.8800, which capped bulls several times in December and early March

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.02%	-0.11%	0.00%	0.01%	-0.12%	0.13%	-0.08%
EUR	0.02%		-0.06%	0.02%	0.03%	0.01%	0.13%	-0.06%
GBP	0.11%	0.06%		0.11%	0.08%	0.11%	0.20%	-0.00%
JPY	0.00%	-0.02%	-0.11%		0.00%	-0.01%	0.10%	-0.11%
CAD	-0.01%	-0.03%	-0.08%	-0.00%		-0.01%	0.12%	-0.09%
AUD	0.12%	-0.01%	-0.11%	0.01%	0.00%		0.12%	-0.09%
NZD	-0.13%	-0.13%	-0.20%	-0.10%	-0.12%	-0.12%		-0.21%
CHF	0.08%	0.06%	0.00%	0.11%	0.09%	0.09%	0.21%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

EUR/JPY Price Gathers strength to near 184.00, bullish bias persists above 100-day EMA

April 3, 2026

EUR/JPY edges higher to near 184.15 in Friday’s early European session.
The positive outlook of the cross remains intact above the 100-day EMA, with bullish RSI momentum.
The initial support level is located at 183.50; the first upside barrier emerges at 184.80.

The EUR/JPY cross gathers strength around 184.15 during the early European session on Friday. Trading volumes are likely to be thin due to the Good Friday holiday. Meanwhile, hawkish remarks from European Central Bank (ECB) policymakers provide some support to the Euro (EUR) against the Japanese Yen (JPY). ECB Governing Council member Francois Villeroy de Galhau said on Thursday that the central bank’s next interest rate move will very likely be an increase, although it is still ‌too early to say when it will start hiking.

On the other hand, escalations in the Middle East could boost a safe-haven demand, supporting the JPY. US President Donald Trump pressures Iran to make a deal after a military strike destroys a bridge near Tehran. Iran’s foreign minister Abbas Araghchi stated that Washington’s recent strikes on civilian infrastructure will not force the country to back down, adding that such actions “convey the defeat and moral collapse of an enemy in disarray.”

Technical Analysis:

In the daily chart, the near-term bias of EUR/JPY is mildly bullish as price holds above the rising 100-day exponential moving average near 182.10 and consolidates just under the upper Bollinger Band, indicating sustained upside pressure after the recent advance. The Bollinger middle band around 183.50 now tracks below spot and acts as dynamic trend support, while the latest RSI reading just above 54 confirms positive, but not overextended, momentum consistent with a grinding uptrend rather than a climax move.

Immediate support emerges at the 183.50 Bollinger middle band, followed by the 182.50–182.10 area where recent lows converge with the 100-day EMA. A break below this zone would weaken the bullish structure and expose deeper retracement toward 181.50. On the topside, initial resistance stands at the recent upper Bollinger Band region around 184.80, with a daily close above this threshold opening the door toward the 186.00 area where prior band highs cluster and upside risk would intensify.

GBP/USD Rebounds toward 1.3250 near nine-day EMA

April 3, 2026

GBP/USD may fall toward the descending channel’s lower boundary around 1.3150.
The 14-day Relative Strength Index hovers in the low-40s, indicating weak and negative momentum.
The pair may find the primary resistance at the nine-day EMA of 1.3273.

GBP/USD holds gains after registering over 0.5% losses in the previous day, trading around 1.3230 during the Asian hours on Friday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair remains within the descending channel pattern.

The near-term bias stays mildly bearish as the GBP/USD pair holds below both the nine-day and 50-day Exponential Moving Averages (EMAs), which cap rebounds and confirm a deteriorating short-term trend. Price action has made a sequence of lower highs and lower closes from the 1.35 area, reinforcing downside pressure.

Additionally, the latest 14-day Relative Strength Index (RSI) hovers in the low-40s, showing negative momentum but not yet oversold, which leaves room for further weakness while limiting the risk of an immediate exhaustion low.

The GBP/USD pair may find its primary support at the descending channel’s lower boundary around 1.3150. A break below the channel would expose the 1.3010, the lowest since April 2025, which was recorded in November 2025.

On the upside, the initial barrier lies at the nine-day EMA of 1.3273. Further advances would lead the GBP/USD pair to test the 50-day EMA at 1.3394, followed by the upper descending channel boundary around 1.3440. A sustained break above this confluence resistance would trigger a bullish bias, opening the doors for exploring the area around the 1.3869, the highest level since September 2021, reached on January 27.

(The technical analysis of this story was written with the help of an AI tool.)

Pound Sterling Price Today

The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.00%	-0.11%	0.00%	0.00%	-0.13%	0.10%	-0.05%
EUR	0.00%		-0.07%	0.02%	0.00%	-0.01%	0.09%	-0.05%
GBP	0.11%	0.07%		0.11%	0.08%	0.08%	0.17%	0.02%
JPY	0.00%	-0.02%	-0.11%		-0.01%	-0.03%	0.07%	-0.09%
CAD	-0.01%	-0.01%	-0.08%	0.00%		-0.01%	0.09%	-0.06%
AUD	0.13%	0.01%	-0.08%	0.03%	0.01%		0.09%	-0.06%
NZD	-0.10%	-0.09%	-0.17%	-0.07%	-0.09%	-0.09%		-0.15%
CHF	0.05%	0.05%	-0.02%	0.09%	0.06%	0.06%	0.15%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).

Trade of The Day – EUR/USD

April 2, 2026

Facts:

The EUR/USD exchange rate failed to close above the 200-day EMA on yesterday’s daily candle
The price remains below the 50-, 100-, and 200-day exponential moving averages (EMA)

Recommendation:

Trade: Short position on the EUR/USD pair at market price

Take Profit 1: 1.14425

Take Profit 2: 1.14115

Stop: 1.16360

Opinion:

From a technical perspective, the EURUSD pair remains in a structural downtrend, which is a key argument for maintaining short positions. The price consistently remains below the 200-, 100-, and 50-day exponential moving averages (EMA), which form dynamic resistance and confirm the dominance of supply over demand in the medium term. Prices are moving within a bearish flag pattern (a trend continuation pattern), and current attempts at a rebound are being stifled by successive resistance levels marked by the downward-sloping EMAs, which technically indicates further potential for the euro-dollar exchange rate to depreciate.

An additional and significant catalyst for the dollar’s strengthening is the escalation of the armed conflict in the Middle East, directly driven by the Trump administration’s actions. In his Wednesday address to the nation, the president announced that within the next 2–3 weeks, the United States would strike Iran “extremely hard,” promising simultaneous attacks on all Iranian power plants, which—as Trump stated—“will set the country back to the Stone Age.” The escalation of the military operation codenamed “Operation Epic Fury” is generating a classic flight-to-safety effect—primarily toward the dollar—which, combined with the euro-dollar’s technical weakness, creates a consistent environment conducive to the continuation of the downward trend in the EURUSD pair

Methodology and assumptions:
This recommendation is based on a technical analysis of the EURUSD chart. Classical technical analysis was used to assess the situation and analyze the trend. The target level—take profit 1—was set at the level of previous price reactions, using price action methodology. Take profit 2, on the other hand, is based on the location of last month’s local low. The protective stop-loss order was set above the most recent local high using price action methodology.

Currency Talk – USDJPY, NZDUSD, USDCHF

April 2, 2026

The Overbalance analysis aims to identify three financial instruments, analyzed primarily on the daily/four-hour (D1/H4) timeframe. The analysis uses only the Overbalance methodology, which helps determine where a trend may continue or where it may reverse. Today’s analysis covers three instruments, evaluated solely in terms of 1:1 correction structures.

USDJPY
Since February 12, the USDJPY has been trading in a strong uptrend. Initially, the movement was controlled by a 1:1 corrective pattern with a range of approximately 140 pips; however, in mid-March, a deeper correction occurred, after which the market established a new high. As a result, the current largest corrective pattern has a range of approximately 240 pips. At this point, the key support level is 158.10, derived from the lower boundary of this pattern. As long as this level holds, the uptrend remains in place. A break below it, however, could open the way for a larger correction or even a trend reversal.

USDJPY – H4 chart. Source: xStation

NZDUSD
The NZDUSD pair has been trending downward since late January. We are currently seeing an upward corrective move. If the correction continues, the key resistance level remains at 0.5845, where the upper boundary of the 1:1 correction pattern is located. According to the Overbalance methodology, the downtrend remains in effect until this level is negated.

NZDUSD – H4 chart. Source: xStation

USDCHF
Since early January, USDCHF has been in a downtrend. However, an upward correction has been developing since late January, and its range has already exceeded smaller geometric patterns, including the 0.7902 level. Nevertheless, the price has failed to break through the key resistance at 0.8042, where the upper boundary of the largest corrective pattern is located. According to the Overbalance methodology, the downtrend remains in effect until this level is broken. The decline could accelerate after falling below the 0.7902 level, which is the lower boundary of the smaller geometric pattern. Conversely, a break above 0.8042 could lead to a shift to an uptrend.

USDCHF – H4 timeframe. Source: xStation

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Chart of The Day – Oil Rebounds Sharply

April 2, 2026

Brent crude is surging back above $100 per barrel (OIL: +7.6%), erasing nearly all losses from the last three sessions. Donald Trump’s address failed to outline any concrete “exit strategies” for the conflict, and his hawkish tone undermined market optimism that had previously bet on a rebound following Iran’s declarations of being ready for peace talks.

The OIL contract is dynamically returning above the 10-day Exponential Moving Average (EMA10, yellow), confirming a strong upward trend. However, the price is approaching a repeatedly tested resistance level at $110, and a nearly overbought RSI (near 70) may limit gains above this threshold. Source: xStation5

What is driving the rise in OIL today?

In his address, Donald Trump announced that the strategic goals of “Operation Epic Fury” are near completion and that the war in Iran will last approximately another two to three weeks. He vowed the final destruction of Iran’s nuclear and missile programs, threatening strikes on energy infrastructure. While the address largely repeated many of Trump’s known stances, his comments regarding the Strait of Hormuz and the overall bellicose tone eroded the optimism seen in recent sessions.
The US President downplayed the importance of the Strait of Hormuz to the United States, claiming the country is energy independent. He called on Asian and European nations to protect the route themselves, suggesting they purchase American oil instead. Experts are challenging his optimism regarding a rapid drop in fuel prices, pointing to permanent infrastructure damage and record energy costs in the US (exceeding $4 per gallon).
Iranian military officials responded to Trump’s address by vowing to continue the war until the “humiliation and surrender” of the US and Israel. Tehran dismissed claims that its military has been weakened, threatening “even more powerful and destructive strikes.” The Iranian command emphasized that Washington underestimates their strategic capabilities, and Trump’s vows to “bring them back to the stone age” only escalate the conflict, ruling out a quick truce.

EUR/GBP Analysis – Euro stands tall above 0.8700 in risk-off markets

April 2, 2026

EUR/GBP maintains its near-term bullish trend intact, with 0.8700 support capping bears.
Upbeat Eurozone manufacturing data provided some support to the Euro on Wednesday.
The pair is likely to meet significant resistance at the 0.8740-0.8750 area.

EUR/GBP’s reversal from one-month highs at 0.8740 found buyers right above 0.08700 on Wednesday, and the pair has trimmed losses on Thursday, returning to the 0.8720 area at the time of writing.

The Euro (EUR) seems to be faring better than the British Pound (GBP) amid the risk-averse market mood, and keeps the bullish bias from mid-March lows intact. The positive Eurozone manufacturing data provided some support for the common currency on Wednesday, while UK factory activity failed to convince investors.

Technical Analysis: Resistance at the 0.8740-08750 area

The 4-hour chart shows EUR/GBP trading at 0.8724 amid a mildly bullish near-term bias. The Relative Strength Index stays above 60, indicating sustained upside momentum, although the bearish cross of the Moving Average Convergence Divergence (MACD) line suggests that upside pressure might be fading.

The pair is likely to require some extra impulse to extend its rally beyond the resistance area between 0.8740, where bulls were capped on March 3, 31, and April 1, and the 78.2% Fibonacci retracement of the early March reversal, at 0.8752. A confirmation above these levels would bring the year-to-date high, at the 0.8790 area, back to the focus.

To the downside, bears would need to breach Wednesday’s low, at 0.8704, and the March 31 low, at 0.8676, to negate the bullish view.

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the British Pound.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.51%	0.71%	0.49%	0.25%	0.64%	0.63%	0.63%
EUR	-0.51%		0.21%	-0.04%	-0.28%	0.15%	0.14%	0.09%
GBP	-0.71%	-0.21%		-0.23%	-0.48%	-0.05%	-0.05%	-0.12%
JPY	-0.49%	0.04%	0.23%		-0.24%	0.15%	0.14%	0.10%
CAD	-0.25%	0.28%	0.48%	0.24%		0.39%	0.38%	0.34%
AUD	-0.64%	-0.15%	0.05%	-0.15%	-0.39%		-0.01%	-0.08%
NZD	-0.63%	-0.14%	0.05%	-0.14%	-0.38%	0.01%		-0.05%
CHF	-0.63%	-0.09%	0.12%	-0.10%	-0.34%	0.08%	0.05%

41, with a break higher exposing 0.8800 and then 0.8863. On the downside, initial support comes in at 0.8705, followed by the 61.8% retracement at 0.8721 turning into a pivot area if broken, while the 38.2% retracement at 0.8680 aligns with prior price congestion as the next key floor. A deeper pullback would bring 0.8677 into view, where a failure to hold would signal that the current bullish phase is losing traction.