empty
09.04.2025 10:07 AM
EUR/USD and GBP/USD – Technical Analysis for April 9

EUR/USD

This image is no longer relevant

The bulls are attempting to regain control, and we are currently observing increased activity and a push toward the peak of the ongoing correction at 1.1147. A breakout above this level would shift the market's focus to historical resistance at 1.1214 and 1.1276. However, if buyers fail to achieve a breakout, the pair may again fall into the gravitational pull of support levels from various timeframes located lower at 1.0984 – 1.0943 – 1.0862-57.

This image is no longer relevant

The weekly long-term trend has kept the market in bullish territory, enabling the bulls to initiate another upward move. Among key targets, the final resistance of the classic Pivot levels at 1.1105 remains untested, followed by higher timeframe boundaries. In the event of a downward correction, key support levels to watch are 1.0964-46 (central Pivot level + weekly long-term trend). If bearish pressure intensifies, further support will be found at 1.0901 – 1.0844 – 1.0799 (classic Pivot levels).

***

GBP/USD

This image is no longer relevant

Recently, the British pound has been trying to halt its decline. Bulls are supported by a broad support zone between 1.2750 – 1.2810, which combines levels from different timeframes. If buyers consolidate above this zone, the market's attention will shift to the Ichimoku daily cross resistances at 1.1298 – 1.2956 – 1.3015, further reinforced by the weekly level at 1.2976. Failure to break higher could give sellers a good opportunity to regain control. The next downward target is located near the monthly medium-term trends at 1.2618 and the weekly trend at 1.2650, as well as the upper boundary of the daily cloud.

This image is no longer relevant

The bears still hold the advantage on lower timeframes, although a corrective upward move is underway. Its main target is the weekly long-term trend resistance at 1.2919. A breakout above and reversal of this trend would shift the balance in favor of the bulls. If the bears stop the correction and resume the decline, the next support levels will be the classic Pivot levels at 1.2764 – 1.2715 – 1.2669 – 1.2620.

***

Technical Analysis Components:
  • Higher Timeframes: Ichimoku Kinko Hyo (9.26.52) and Fibonacci Kijun levels
  • H1: Classic Pivot Points and 120-period Moving Average (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

Will Divergence in RSI bring weakness to Crude Oil? Tuesday, July 8, 2025.

Crude Oil – Tuesday, July 8, 2025 The surge in Crude Oil production from OPEC raises concerns about excessive supply flooding the world market and the possibility of weakening global

Arief Makmur 08:59 2025-07-08 UTC+2

Could the weakening that occurred in Fiber be temporary? Tuesday, July 8, 2025.

EUR/USD – Tuesday, July 8, 2025 Data from the Eurozone that is starting to improve and signals of Dovish policy from The Fed provide an opportunity for EUR/USD to strengthen

Arief Makmur 08:59 2025-07-08 UTC+2

EUR/USD Forecast for July 8, 2025

On Monday, the euro declined by 71 pips, testing the support at 1.1692. As anticipated, the price did not attempt to break through the MACD line immediately but chose instead

Laurie Bailey 06:14 2025-07-08 UTC+2

GBP/USD Forecast for July 8, 2025

GBP/USDAmid yesterday's 0.56% rise in the U.S. dollar index, the British pound declined by 0.20% (-51 points). The price moved further away from the 1.3635 level, while the Marlin oscillator

Laurie Bailey 05:56 2025-07-08 UTC+2

AUD/USD Forecast for July 8, 2025

AUD/USDWith support from the U.S. dollar (USDX +0.56%), the Australian currency became the day's top decliner (-0.69%, -61 points), as markets await today's expected Reserve Bank of Australia rate

Laurie Bailey 05:50 2025-07-08 UTC+2

XAU/USD. Analysis, Forecast, and Current Market Situation

Gold is maintaining a bearish intraday tone today.Oscillators on the daily chart are just beginning to show negative momentum, indicating the potential for further declines in the metal's price

Irina Yanina 12:50 2025-07-07 UTC+2

Forecast for EUR/USD on July 7, 2025

On Friday, the EUR/USD pair traded very weakly, with trader activity extremely low due to the U.S. Independence Day. As a result, no trading signals, important breakouts, or other chart

Samir Klishi 11:48 2025-07-07 UTC+2

GBP/USD. July 7th. Bulls Defend the 1.3611 Level

On the hourly chart, the GBP/USD pair traded sideways on Friday. Today, a new rebound from the support zone of 1.3611–1.3633 could give traders hope for a reversal in favor

Samir Klishi 11:15 2025-07-07 UTC+2

AUD weakens against USD but there is potential for a temporary strengthening retracement, Monday, July 7, 2025.

AUD/USD – Monday, Monday, July 7, 2025. With the potential for escalation of the global tariff trade war, demand for the USD currency as a safe haven has increased, making

Arief Makmur 08:52 2025-07-07 UTC+2

USD strengthens again against Yen despite potential correction in the near future, Monday, July 7, 2025.

USD/JPY – Monday, July 7, 2025. With the release of positive US economic data and the BOJ's policy stance remaining Dovish, today USD/JPY has the potential to strengthen. Key Levels

Arief Makmur 08:52 2025-07-07 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.