Thursday FX Trading Ideas: Technical Analysis & Chart Setups
ForexLive traders are sharing technical analysis and trade setups for Thursday's session as major currency pairs consolidate within recent ranges. EUR/USD continues to trade near 1.0850 while GBP/USD holds above 1.2700 support. USD/JPY remains pressured below 155.00 as traders await fresh catalysts. Technical indicators suggest mixed momentum across major pairs with several approaching key decision points. Analysts are focusing on chart patterns and support/resistance levels to identify potential breakout opportunities. The absence of major economic releases today shifts attention to technical factors and positioning ahead of Friday's data. Traders are advised to monitor price action at critical levels for directional cues, with particular attention to EUR/USD's 1.0875 resistance and GBP/USD's 1.2750 ceiling.
Related Symbols:
EURUSD
GBPUSD
USDJPY
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