2 Apr. 2026

2 Apr. 2026

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• AUD/USD

Update: AUD/USD attempted a breakout above the previous highs but failed to sustain momentum, leading to a sharp pullback. This type of price action often signals a liquidity grab followed by redistribution. The pair is now retracing toward the 0.6850 area, which represents a key structural support. As long as price remains below 0.7000, the corrective move is likely to continue. A break above 0.7000 would shift the structure back into bullish continuation mode.

• EUR/USD

Update: The pair is clearly showing signs of distribution after multiple failed attempts to sustain above the upper range. The rejection from the 1.18 zone indicates strong supply, with momentum now shifting lower. As long as price remains below 1.1700, the structure favors a continuation toward 1.1380, which is the first meaningful demand. A break below that level opens the door toward 1.1150. Any recovery above 1.1700 would invalidate this scenario and shift the market back into a neutral-to-bullish phase.

• GBP/JPY

Update: GBP/JPY is currently consolidating just below a major resistance zone, with price showing hesitation after a strong rally. The inability to break above 214.80 suggests that sellers are actively defending this area. Price remains in a range, with support forming around 207.50. A break above resistance would trigger continuation toward higher levels, while a drop below 207.50 would confirm a deeper corrective phase toward 204.00.

• GBP/USD

Update: GBP/USD is trading within a wide range but currently leaning toward the downside after failing to hold higher levels. The repeated rejection around 1.35 highlights strong overhead resistance. Price is now rotating lower toward mid-range support at 1.3180, which is a key decision level. A clean break below this level would expose 1.3000. Only a sustained move above 1.3340 would restore bullish momentum and shift sentiment higher again.