Forex Market Analysis: Euro and sterling remain under pressure as yen strength builds

EUR/USD closed at 1.1436 after falling 0.25% on the day, 0.88% over five days and 2.04% over 20 days. The close is below the 1.1459 pivot, while the 20-day and 50-day averages at 1.1572 and 1.1541 respectively show that the broader recent range remains under pressure.

RSI, a momentum gauge ranging from 0 to 100, is 30.25, indicating weak momentum and a market close to the commonly watched oversold area. ATR, a measure of typical daily movement, is 0.0046, so moves around the 1.1437 pivot support and the 1.1431 20-day low may be relatively important. A recovery above 1.1459 would bring 1.1487 into focus, while failure to hold 1.1437 would leave the 1.1431 low exposed.

GBP/USD closed at 1.3322, down 0.36% today, 1.12% over five days and 2.38% over 20 days. Price is below the 1.3361 pivot and remains well under both the 20-day average at 1.3490 and the 50-day average at 1.3483, keeping the recent range tilted lower.

RSI is 31.63, showing weak momentum near the lower end of its recent range. ATR is 0.0060, which signals that daily fluctuations can be meaningful relative to the current price. Holding 1.3318 could support a move back toward 1.3334 and 1.3361, while a sustained move below 1.3318 would place 1.3297 on watch.

USD/JPY closed at 157.61, gaining 0.15% today and 1.51% over five days, although it remains down 1.01% over 20 days. The pair is above the 156.60 SMA20 and 157.32 pivot, but below the 158.85 SMA50, leaving the short-term recovery in a mixed broader trend.

RSI is 53.12, close to the midpoint and consistent with balanced momentum rather than an extreme. ATR is 1.62 yen, so the 157.82 pivot resistance and 158.27 second resistance are key nearby reference points. A pullback that holds 157.32 would keep the recent recovery structure intact, while a break below 156.87 would weaken it.

USD/INR closed at 95.59, down 0.13% on the day and 0.42% over five days, while remaining 2.18% higher over 20 days. Price is above the 95.30 SMA20 and 95.54 SMA50, but below the 95.67 pivot, producing a mixed short-term picture.

RSI is 51.78, close to neutral momentum. ATR is 0.55 rupee, giving a useful measure of the pair's typical daily movement. Holding the 95.51 support could keep the pair near the pivot, while a recovery above 95.67 would bring 95.88 into view. A move below 95.51 would shift attention toward 95.30.