Forex Market Analysis: Dollar pairs diverge as sterling steadies and the rupee gains

EUR/USD is at 1.1221, above the daily pivot at 1.1207 but below its 20-day average at 1.1297 and 50-day average at 1.1477. The pair has gained 0.23% today, yet its 20-day change remains negative at 2.22%. The 14-day RSI, a momentum measure, is 33.73, showing weak momentum without reaching the commonly watched oversold area below 30.

Initial support is at the pivot of 1.1207, followed by pivot support at 1.1175. A hold above 1.1228 would place the next upside reference at 1.1260, while the 20-day low at 1.1114 remains a broader range reference. The 14-day ATR, which measures typical daily movement, is 0.0072, so short-term moves can be comparatively wide around scheduled US events.

GBP/USD is trading at 1.3283, above the pivot at 1.3243 and slightly above its 20-day average at 1.3256. It remains below the 50-day average at 1.3423, so the broader trend is not yet clearly positive. The 14-day RSI is 47.54, indicating balanced momentum, while the pair has gained 0.40% today and 0.41% over five days.

Support is concentrated at 1.3243 and 1.3211. A sustained move through 1.3295 would bring the 20-day high at 1.3399 into focus, although the 50-day average remains at 1.3423 above that range reference. With ATR at 0.0071, volatility may expand around BOE Governor Bailey's remarks.

USD/JPY is at 157.96, just above the pivot at 157.91, its 20-day average at 157.89, and its 50-day average at 157.71. The pair is up 1.17% over 20 days, although its five-day change is slightly negative. The 14-day RSI is 52.06, consistent with broadly balanced momentum rather than an extreme condition.

Nearby resistance is at 158.26, followed by 158.56. On the downside, 157.91 and 157.61 are the first levels to monitor, with the 20-day low at 156.40 providing a wider range reference. ATR is 0.76, so a normal daily fluctuation can be meaningful when assessing breaks around the US speeches.

USD/INR is quoted at 95.05, close to the pivot at 95.00 and below its 20-day average at 96.00 and 50-day average at 95.57. The pair has declined 1.84% over five days and 0.79% over 20 days. Its 14-day RSI is 38.69, showing weak momentum but not an extreme reading.

Support sits at 95.00 and 94.85, with the 20-day and 60-day low at 94.70 and 93.55 respectively. Resistance is at 95.30 and 95.45, while a recovery would still face the 50-day average at 95.57. ATR is 0.61, suggesting that volatility-aware position sizing and wider buffers may be relevant when interpreting short-term moves.