empty
25.09.2023 02:20 PM
EUR/USD and GBP/USD: Technical analysis for September 25

EUR/USD

This image is no longer relevant

Higher Timeframes

Last week marked a new low, but there was no significant movement. Today marks the beginning of the last working week of September. The final sentiment and the nature of the monthly candle are important. The primary task for bearish players at the momet is to maintain the current sentiment and secure a result below the monthly medium-term trend (1.0722). Next in the bearish plans is testing and establishing results in interaction with a fairly wide support zone: 1.0578 - 1.0554 - 1.0500 - 1.0447, where the boundaries of various higher timeframes converge.

For bullish players, it is currently important to regain the area of 1.0691 - 1.0722 (daily short-term trend + monthly medium-term trend), after which the elimination of the daily death cross (1.0743 - 1.0781 - 1.0820) will be significant.

This image is no longer relevant

H4 - H1

On the lower timeframes, the bears still holds the main advantage, but is limited by consolidation and sideways movement. Within the day, the classic pivot points (1.0617 - 1.0590 - 1.0562) can be considered as bearish reference points. To change the current balance of power, bulls must establish themselves above the key levels of 1.0645 (central pivot point of the day) and 1.0668 (weekly long-term trend). Afterward, attention within the day will be focused on conquering the resistances of the classic pivot points (1.0672 - 1.0700 - 1.0727).

***

GBP/USD

This image is no longer relevant

Higher timeframes

The past working week had a clearly bearish character and sentiment. If bearish players manage to descend and test the monthly medium-term trend (1.2159) in the last week of September, then the task for October will be to establish the result of this interaction. Perhaps some result will be outlined already this week, for example, a long lower shadow of the monthly candle after testing the level. Then, October should confirm the result. The nearest important level of daily correction now is the daily short-term trend (1.2361).

This image is no longer relevant

H4 - H1

On the lower timeframes, the downward trend continues to develop. Today, bears have already updated last week's low and tested the first target reference point of the classic pivot points (1.2212). The next supports can be noted at 1.2190 - 1.2149. A shift in sentiment and the activity of the bulls will shift the focus to resistances. Thus, the first intraday resistance will be the central pivot point of the day (1.2253), and the most important and significant one will be the weekly long-term trend (1.2325), with intermediate resistance possibly at 1.2275 - 1.2316 (resistances of the classic pivot points).

***

The technical analysis of the situation uses:

Higher timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels

Lower timeframes - H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)

Evangelos Poulakis,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forecast for EUR/USD on May 20, 2025

On Monday, the EUR/USD pair reversed in favor of the euro and returned for the third time to the resistance zone of 1.1265–1.1282. A new rebound from this zone

Samir Klishi 11:29 2025-05-20 UTC+2

Forecast for GBP/USD on May 20, 2025

On the hourly chart, the GBP/USD pair on Monday reversed in favor of the British pound and consolidated above the resistance zone of 1.3344–1.3357, which had previously posed serious difficulties

Samir Klishi 11:22 2025-05-20 UTC+2

Forex forecast 20/05/2025: EUR/USD, AUD/USD, USD/JPY, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:25 2025-05-20 UTC+2

Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, Tuesday May 20, 2025.

If we look at the 4-hour chart of the USD/CAD commodity currency pair, it appears that there is a Divergence between its price movement and the Stochastic Oscillator indicator

Arief Makmur 08:19 2025-05-20 UTC+2

Technical Analysis of Daily Price Movement Platinum Commodity Instrument, Tuesday May 20, 2025.

With the appearance of Convergence between the price movement of the Platinum commodity instrument with the Stochastic Oscillator indicator and supported by its price movement moving above the WMA (210)

Arief Makmur 08:19 2025-05-20 UTC+2

EUR/USD Forecast for May 20, 2025

Following Moody's downgrade of the U.S. credit rating from AAA to Aa1 on Friday, yesterday saw downgrades of major U.S. banks as well—Bank of America, JPMorgan, and Wells Fargo—from

Laurie Bailey 05:08 2025-05-20 UTC+2

GBP/USD Forecast for May 20, 2025

The British pound closed Monday with an 81-pip gain. The price consolidated above the 1.3311 resistance level and is now heading toward 1.3433. A breakout above this level opens

Laurie Bailey 05:08 2025-05-20 UTC+2

EUR/CAD Forecast for May 20, 2025

With a strong upward move yesterday, the EUR/CAD pair broke above both indicator lines (balance and MACD ) and the 200% Fibonacci reaction level. Today's session also opened above these

Laurie Bailey 05:08 2025-05-20 UTC+2

Oil Forecast for May 20, 2025

Yesterday's rise in oil was technically weak—neither the MACD line nor the embedded line of the descending price channel was reached. The daily close occurred below the balance line

Laurie Bailey 05:08 2025-05-20 UTC+2

EUR/USD. Analysis and Forecast

At the start of the new week, the EUR/USD pair has gained upward momentum on the back of a weaker US dollar. From a technical standpoint, last week's break below

Irina Yanina 17:58 2025-05-19 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.