The USD is transferring to new highs. A technical have a look at a few of the main forex pairs

The U.S. dollar is pushing higher, led by USDJPY, which is up 0.55% and once again setting the tone for the broader FX market. In the video above, I walk through the technical picture for USDJPY, GBPUSD, USDCHF, and AUDUSD, focusing on bias, risk, and targets.

USDJPY

USDJPY is making another run above the January 2025 high at 158.86, extending beyond the key swing zone between 158.55 and 158.86. Earlier today, the market successfully tested the lower edge of that zone, giving buyers the green light to push higher.

That swing area now becomes the risk level for longs — stay above it and the bias remains bullish; move below it and buyers lose control. If price continues higher, the next upside target comes in near the psychological 160.00 level.

GBPUSD

GBPUSD has slipped back below both the 200-hour moving average at 1.3465 and the 100-hour moving average at 1.3444, shifting short-term momentum back toward the sellers.

As long as price stays below the 100-hour MA, downside risk remains. A more conservative risk level for shorts is the 200-hour MA. On the downside, the next target sits in the 1.3391 to 1.3404 swing zone, which is reinforced by the 200-day moving average at 1.3390, making this a high-interest support area.

USDCHF

USDCHF has pushed to a new short-term high, testing resistance near 0.8017, the highs from both yesterday and Friday. A sustained break above this level opens the door toward the 0.8047 trendline, taking price to its highest levels since December 10.

On the downside, 0.8000 now becomes the key risk level. It is a natural psychological level and has acted as both support and resistance multiple times in the past, making it a critical short-term pivot.

AUDUSD

AUDUSD attempted to rally earlier in the session but stalled at resistance near 0.6727. That failure triggered a sharp move lower, breaking through both the 100-hour and 200-hour moving averages near 0.6700, and accelerating selling pressure down to a session low of 0.6674.

The next key downside target sits at the 61.8% retracement of the December 18 rally at 0.66587, a level that also lines up with multiple prior swing highs and lows. A break below there would shift focus to the 0.6625–0.6635 support zone.

For buyers to regain short-term control, price would need to move back above the 100- and 200-hour moving averages near 0.6700.