The USD is lower but off the lowest levels. What are the technicals telling traders?

The USD is lower but off the lowest level.

EURUSD Technicals

EURUSD moved higher in the Asian session, reclaiming the 100-hour MA at 1.1799, but the rally stalled near strong resistance at 1.1830–1.1832 — the 50% midpoint of the 2026 range (1.1830) and the falling 200-hour MA (1.1832).

The failure to break that ceiling shifted momentum back to sellers, pushing the pair below the 100-hour MA and down to support at 1.1765–1.1778, where buyers stepped in.

Price is now back near 1.1800, keeping the market in a tight battle zone.

Support: 1.1765–1.1778

Resistance: 1.1830–1.1832

A break on either side should determine the next move.

USDJPY Technicals:

USDJPY moved sharply lower following the weekend tariff news, breaking below its 100-hour moving average and the 38.2% retracement at 154.320, signaling a shift in short-term momentum to the downside.

However, the selloff stalled ahead of the next key target — the 200-hour moving average at 153.82 — as downside momentum faded. That hesitation allowed buyers to step back in, pushing price back above the 100-hour MA and up toward a confluence area near 154.96, where the 100-day moving average aligns with the 50% retracement. Sellers leaned against that resistance and forced a rotation lower.

The pair is now trading back near the 100-hour moving average, putting the focus squarely on this pivot.

A move below keeps downside pressure in play toward 153.82.

A move back above 154.96 shifts bias higher again.

GBPUSD Technicals:

GBPUSD fell last week to its key 200-day moving average at 1.34426. Although price briefly dipped below that level, downside momentum stalled and sellers could not press the break. That failure sparked a rebound, with price climbing back toward the falling 100-hour moving average.

Today, the pair pushed above the 100-hour MA, but gains were capped by resistance in a defined swing zone between 1.3526 and 1.3536. Sellers leaned against that area and rotated price back below the 100-hour MA, targeting the 1.3400 swing level.

Since then, the back-and-forth trade has continued, with price once again reclaiming the 100-hour moving average. That level now serves as the key barometer.

Above the 100-hour MA: bias tilts more bullish.

Below the 100-hour MA: sellers regain short-term control.