Weekly FX outlook: EUR/USD, GBP/USD lead high-conviction trading setups

EUR/USD remains the focal point for traders, consolidating near 1.0430 with potential for directional breakout pending key economic releases. GBP/USD shows vulnerability around 1.2450, facing pressure from mixed UK data and dollar resilience. USD/JPY maintains upward bias near 157.80, supported by Bank of Japan's dovish stance versus Fed's relatively hawkish positioning. USD/CHF trades defensively around 0.9080 as Swiss franc benefits from safe-haven flows amid global uncertainties. Technical setups favor EUR/USD shorts below 1.0400 targeting 1.0350, while GBP/USD could test 1.2380 support on further weakness. USD/JPY longs remain attractive above 157.50 with 159.00 as the next major target. Risk management crucial as month-end flows and upcoming data releases including US NFP could trigger significant volatility across all major pairs.