USD strength shapes key FX setups: EUR/USD, GBP/USD, USD/JPY focus

Despite recent pullbacks, underlying US dollar strength continues to dominate forex market positioning, creating attractive trading setups across major pairs. EUR/USD faces resistance at 1.1620 after failing to sustain breaks above this level, with downside targets at 1.1550 and 1.1500. GBP/USD shows similar weakness, struggling below 1.3200 resistance with support eyed at 1.3100. USD/JPY maintains bullish structure above 155.50, targeting 157.00 as the Bank of Japan remains dovish. AUD/USD remains the weakest major, trading near 0.6550 support amid China growth concerns and commodity weakness. Technical indicators across these pairs suggest the dollar's medium-term uptrend remains intact despite short-term corrections. Key catalysts this week include US retail sales data and Federal Reserve speaking engagements, which could reinforce dollar strength. Traders should focus on selling rallies in EUR/USD and GBP/USD while buying USD/JPY dips above 155.00.