The US dollar is kicking off the session mixed. EURUSDand GBPUSD are lower (firmer USD), while USDJPY is also lower (softer USD vsJPY). As we head toward the North American session and the end of the week,the focus shifts to whether these pairs can break out of tight ranges andestablish clearer directional control.EURUSD technical analysis: Tight weekly range keepstraders waitingThe EURUSD remains confined to a narrow 70-pip range forthe week, signaling a market still searching for conviction. That type ofcompression often precedes expansion. The key question is whether buyers orsellers can force a breakout and extend the range.Upside resistance levelsThe high today stalled at 1.1830, the 50% midpoint ofthe recent move. Monday’s high reached 1.1834 before rotating lower.That 1.1830–1.1834 area is key resistance.A break and sustained move above that zone would increasethe bullish bias and shift focus toward:1.1860 as the next upside target1.1889, the broken 38.2% retracement of the 2026 trading rangeUntil that area is cleared, upside momentum remains limited.Downside support levelsThe European session rotation lower pushed price below the 200-hourMA at 1.1801, but buyers stepped in at the 100-hour MA near 1.1793.If the price falls below the 100-hour MA, traders will looktoward:1.1765–1.1778, the swing area floor for the week1.1741, last week’s double bottom1.1691, where the 100-day MA comes into focusA break below the weekly floor would likely increasedownside momentum.EURUSD outlook: The pair remains range-bound, butpressure is building. A decisive move outside the 70-pip range could trigger astronger directional run.USDJPY technical analysis: Failed breakout shiftsmomentum lowerThe USDJPY is correcting earlier gains after failingon a topside breakout.Yesterday’s rally pushed above the 156.20–156.28 swingarea and extended through a topside trendline near 156.60, but thebreak could not be sustained. The pair rotated lower into the close.In the Asian session today, price broke back below 156.20,accelerated to a low of 155.72, and then bounced.Key pivot level: 156.20–156.28This former support zone now acts as resistance and remainsthe key short-term barometer.If the price moves back above 156.28 and holds, buyersregain control.If the price stays below 156.20, sellers maintain the edge.On further downside pressure, the next target is the rising 100-hourMA near 155.47.USDJPY outlook: The failed breakout shifts theshort-term bias lower unless buyers can reclaim the 156.20–156.28 zone.GBPUSD technical analysis: Buyers defending short-termsupportThe GBPUSD made a new Asian session high, breakingabove yesterday’s high near 1.3565 and reaching 1.3575. However,it stalled just ahead of the swing resistance zone between 1.3582 and 1.3590.In the European session, price rotated lower:Broke below the 200-hour MA at 1.3526Moved under the 1.3526–1.3537 swing areaFound support ahead of the rising 100-hour MA at 1.3512The pair has since rebounded and is now trading back above 1.3536.Holding above that reclaimed swing area keeps buyers inshort-term control. A move back below would shift focus toward the 100-hour MA.A break above 1.3575 would bring the 1.3582–1.3590 resistance zone back intoplay.GBPUSD outlook: Buyers remain active, but upsidemomentum needs to clear the 1.3580 area to strengthen the bullish case.North American session focusAcross the board, these pairs are sitting near inflectionpoints:EURUSD remains compressed within its weekly rangeUSDJPY is testing sellers after a failed breakoutGBPUSD is trying to hold reclaimed supportAs we move into the North American session and toward theweekly close, watch for range expansion and momentum confirmation around thekey technical levels outlined above.... This article was written by Greg Michalowski at investinglive.com.