Monday, June 29, 2026

Weekly Forex Market Analysis: Technical Outlook and Key Levels

RobotFX June 29, 2026 0 comments

GBP/USD and AUD/USD Technical Outlook

The GBP/USD pair remains influenced by a bearish wave structure initiated in January. Currently, the price is testing the upper boundary of a reversal zone on the hourly chart. Expectations for the coming week involve sideways movement with potential downside pressure before a possible bullish reversal toward resistance at 1.3330/1.3380.

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AUD/USD continues to trace a bearish expanded flat pattern started in March. The current focus is on the completion of the final (C) segment. Analysts anticipate continued downward momentum toward the 0.6830/0.6780 support zone, followed by potential for a late-week recovery toward 0.6970/0.7020.

CHF and JPY Cross-Pair Analysis

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USD/CHF maintains a bullish bias from the start of the year, despite a recent corrective phase. As this correction nears completion, the pair is likely to stabilize within the 0.8060/0.8010 support zone. Traders should watch for reversal signals for potential long positions targeting the 0.8220/0.8270 resistance.

EUR/JPY is currently consolidating within a bullish wave structure near the 184.80/185.30 resistance level. Market activity suggests a likely sideways trend, with a high probability of a bearish retracement toward the 181.80/181.30 support zone as the week progresses. Conversely, AUD/JPY exhibits a horizontal pennant formation, where a late-week trend reversal remains the primary outlook, supported by upcoming economic data.

EUR Crosses and Cryptocurrency

EUR/CHF is currently correcting the primary bullish trend, with price action expected to test the 0.9180/0.9130 support area. A shift toward the 0.9280/0.9330 resistance level is projected for the latter half of the week. EUR/GBP remains in a bearish flat, likely to experience volatility that may lead to a downward reversal after testing resistance levels at 0.8680/0.8730.

Ethereum is showing a sustained bullish trend since February, currently undergoing an expanded flat correction. The asset is expected to hold its current range before potentially finding support in the 1500.0/1480.0 zone. A subsequent move toward the 1680.0/1700.0 resistance is the anticipated trajectory for the coming sessions.