Major Forex Pairs Consolidate at Key Technical Levels Ahead of Data

Major currency pairs are coiling at critical inflection points as the US Dollar stabilizes following last week's gains. EUR/USD remains range-bound between 1.0450-1.0520, testing the lower boundary of a month-long consolidation pattern. GBP/USD holds above crucial support at 1.2550, though momentum indicators suggest weakening bullish pressure. USD/JPY continues to respect the 151.50 resistance level, with the Bank of Japan's dovish stance limiting yen strength despite intervention concerns. USD/CHF has established a firm base above 0.8850, benefiting from the dollar's safe-haven appeal amid global uncertainty. Technical patterns across majors suggest a potential breakout scenario, with traders awaiting catalysts from upcoming economic releases including US GDP revisions and European inflation data. The current consolidation phase reflects market indecision ahead of year-end positioning, with low liquidity conditions potentially amplifying any directional moves once key levels are breached.