Intraday Analysis 04.11.2026
USDCHF tests important support
The Swiss franc looks for a bounce as prices slide lower.
- Any chance of a turnaround requires a jump above 0.8200 to signal that buyers remain in the market.
- As the RSI flirts with the neutral area, 0.8250 will be the first level to expect some firm resistance.
- If the pair finds bullish momentum, the top at 0.8300 will be a tough level to crack.
- A dip lower will break 0.8180 and could lead to a deep correction.
GBPUSD beginning to rebound
Cable received a boost as the recovery begins to take shape after bouncing away from the 1.3300 level.
- On the chart, a move above 1.3350 put sellers on the defensive.
- 1.3420 is the next level to see if buying interest has returned.
- 1.3350 is the first hurdle to clear for sellers, and then the recent low of 1.3280 is a major floor to break.
USDJPY grinding higher
The Yen continues to lose traction against its rival as price action rises to the recent peak.
- The dollar’s momentum has dented a reversal from sellers as the pair tests 158.20.
- Sentiment for the greenback remains mixed after the midterm elections, but prices remain in a bullish mood.
- 157.00 is an important level to prevent a deep correction.
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