<p>The USD is trading lower today as oil slips back below $100 and Treasury yields edge down. The 10-year yield is off -2.2 bps at 4.367%, while the 2-year is also down -2.2 bps at 3.865%.</p><p>On the data front, ISM Manufacturing PMI came in weaker than expected but held above the 50 level—keeping the sector in expansion. The report had a mixed tone: employment declined, while new orders and prices moved higher, pointing to ongoing demand alongside persistent cost pressures.</p><p>In the video above, I walk through the major currency pairs versus the USD—breaking down the technicals that define the bias, risk, and targets.</p><p>EURUSD</p><p>The EURUSD pushed to new highs and is now targeting the April 21–22 highs near 1.1790.</p><ul><li>Above 1.1790 → opens the door toward the next swing area at 1.1823–1.1836</li><li> The pair has already broken and extended away from this week’s high at 1.17544, signaling strong upside momentum </li><li>Bias: Bullish above 1.1754 </li></ul><p>USDJPY</p><p>USDJPY remains range-bound, with key levels clearly defining the battlefield:</p><ul><li>Resistance: 100-day MA at 157.26</li><li>Support: 61.8% retracement at 155.50</li><li>Pivot: 50% midpoint at 156.50</li></ul><p>Price is rotating above and below that midpoint—acting as the rudder:</p><ul><li>Above 156.50 → more bullish tilt </li><li>Below 156.50 → sellers gain control </li><li>Bias: Neutral within the range, awaiting a break </li></ul><p>GBPUSD</p><p>GBPUSD has broken higher after h
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