
BTC/USD Forex Signal: Price is Extremely Bullish Above 123,000 – 12 August 2025
BTC/USD hovers near key resistance at 123,000, with CPI data likely to determine whether Bitcoin breaks higher toward 125,000 or reverses toward 112,000.
BTC/USD hovers near key resistance at 123,000, with CPI data likely to determine whether Bitcoin breaks higher toward 125,000 or reverses toward 112,000.
GBP/USD stalls at 1.3425 resistance ahead of key CPI and UK jobs data, with a bearish head-and-shoulders pattern pointing toward 1.3300 support.
EUR/USD trades in a tight range near 1.1610 ahead of US CPI, with bulls eyeing 1.1700+ and bears watching 1.1500 as key breakout triggers.
The GBP/USD is consolidating around its 50-day EMA ahead of Tuesday’s CPI, with 1.3250 as key support and 1.3550–1.36 as major resistance.
The DAX remains in consolidation mode, holding above key support levels, with a break over 24,500 potentially opening the door to 25,000.
The USD/MXN is stabilizing near 18.50 ahead of CPI, with rallies toward 18.87 seen as shorting opportunities targeting 17.75.