MUFG

2026 FX Outlook: Post-Peak USD World

LIVE19 December 2025USD bearish

Overview Forecasts Trades Currencies Scenarios Technicals Volatility EM Strategy Macro Quant

Technical Strategy

MUFG key support/resistance levels, pattern analysis, and live price positioning

Pairs Analyzed

Bullish

Bearish

Neutral

DXY

Broadening top with declining momentum

MUFG Spot

100.2

↓Bearish

S1 97.50

S2 96.00

S3 95.00

S4 94.00

R1 100.50

R2 101.55

R3 103.20

R4 104.85

T1 97.50

T2 96.00

T3 95.00

Spot 100.20

105.72

93.13

Support

Resistance

Targets

MUFG Spot

Live Price

Targets

97.5(-2.7%)

96(-4.2%)

95(-5.2%)

94(-6.2%)

Support

97.5(-2.7%)

96(-4.2%)

95(-5.2%)

94(-6.2%)

Resistance

100.5(0.3%)

101.55(1.3%)

103.2(3.0%)

104.85(4.6%)

DXY is forming a broadening top pattern with lower highs and lower lows since late 2024. Monthly momentum indicators are firmly negative. Key support at 97.50 (2024 range low), with measured move targeting 95.0 by Q4. Weekly MACD death cross confirmed in November.

EUR/USD

Cup and handle formation with breakout above 1.12

MUFG Spot

1.15

↑Bullish

S1 1.1400

S2 1.1200

S3 1.1100

S4 1.1000

R1 1.1600

R2 1.1800

R3 1.2000

R4 1.2200

T1 1.1800

T2 1.2000

T3 1.2200

Spot 1.1500

1.2728

1.0872

Support

Resistance

Targets

MUFG Spot

Live Price

Targets

1.18(2.6%)

1.2(4.3%)

1.22(6.1%)

1.24(7.8%)

1.26(9.6%)

Support

1.14(-0.9%)

1.12(-2.6%)

1.11(-3.5%)

1.1(-4.3%)

Resistance

1.16(0.9%)

1.18(2.6%)

1.2(4.3%)

1.22(6.1%)

EUR/USD has completed a textbook cup and handle pattern with the handle forming between 1.12-1.15. Breakout above 1.16 confirms measured move to 1.22-1.24. Monthly RSI has broken above the 60 level for the first time since 2020. 200-week MA at 1.1150 provides strong support.

GBP/USD

Ascending channel with higher highs and higher lows

MUFG Spot

1.31

↑Bullish

S1 1.3000

S2 1.2900

S3 1.2750

S4 1.2600

R1 1.3300

R2 1.3500

R3 1.3800

R4 1.4000

T1 1.3500

T2 1.3800

T3 1.4000

Spot 1.3100

1.4328

1.2472

Support

Resistance

Targets

MUFG Spot

Live Price

Targets

1.35(3.1%)

1.38(5.3%)

1.4(6.9%)

1.42(8.4%)

Support

1.3(-0.8%)

1.29(-1.5%)

1.275(-2.7%)

1.26(-3.8%)

Resistance

1.33(1.5%)

1.35(3.1%)

1.38(5.3%)

1.4(6.9%)

GBP/USD is in a well-defined ascending channel from the October 2023 lows. Channel top projects 1.40-1.42 by mid-2026. Weekly momentum supports further gains. Key pivot support at 1.30 (channel base). 200-day MA rising through 1.28 confirms bullish trend.

USD/JPY

Rising wedge breakdown potential

MUFG Spot

157

↓Bearish

S1 153.00

S2 150.00

S3 148.00

S4 146.00

R1 158.00

R2 160.00

R3 162.00

R4 164.00

T1 153.00

T2 150.00

T3 148.00

Spot 157.00

165.44

144.56

Support

Resistance

Targets

MUFG Spot

Live Price

Targets

153(-2.5%)

150(-4.5%)

148(-5.7%)

146(-7.0%)

Support

153(-2.5%)

150(-4.5%)

148(-5.7%)

146(-7.0%)

Resistance

158(0.6%)

160(1.9%)

162(3.2%)

164(4.5%)

USD/JPY has formed a rising wedge since 2023 that is showing signs of exhaustion. Weekly RSI divergence at each successive high signals momentum failure. Break below 153 confirms wedge breakdown with measured move to 146. Monthly stochastics rolling over from extreme overbought.

AUD/USD

Triple bottom base at 0.6170-0.6200

MUFG Spot

0.64

↑Bullish

S1 0.6400

S2 0.6300

S3 0.6200

S4 0.6000

R1 0.6600

R2 0.6800

R3 0.6950

R4 0.7000

T1 0.6600

T2 0.6800

T3 0.6950

Spot 0.6400

0.7080

0.5920

Support

Resistance

Targets

MUFG Spot

Live Price

Targets

0.66(3.1%)

0.68(6.3%)

0.695(8.6%)

0.7(9.4%)

Support

0.64(0.0%)

0.63(-1.6%)

0.62(-3.1%)

0.6(-6.3%)

Resistance

0.66(3.1%)

0.68(6.3%)

0.695(8.6%)

0.7(9.4%)

AUD/USD has formed a triple bottom at the 0.6170-0.6200 zone (April 2024, September 2024, February 2025). This represents strong structural support. Break above 0.66 neckline targets 0.69-0.70 zone. Weekly MACD has turned positive. Monthly chart shows potential basing pattern similar to 2019-2020.