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Dec 02, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pound is trading around 1.32302, after a slight pullback from the upper resistance zone. The pair remains within an ascending channel on the short-term timeframe, but the MACD indicator suggests a loss of momentum, opening the possibility of sideways movement or a minor correction.

Overall trend: Neutral with a slight upward bias
Support: 1.3170 – 1.3120
Resistance: 1.3245 – 1.3275

Expectation:
Holding above 1.3230 supports a renewed attempt to test 1.3275; a break below 1.3170 would lead to a correction towards 1.3120.


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair is recovering from the low of 1.1550 and is currently trading near 1.16085, close to the upper boundary of a short-term ascending channel within our timeframe. A recent improvement in risk appetite and a relatively calm dollar are supporting this rebound, while the MACD remains in positive territory but shows a slowdown in momentum.

Overall trend: Neutral with a slight upward bias
Support: 1.1555 – 1.1515
Resistance: 1.1630 – 1.1665

Expectation:
A clear move above 1.1630 supports continued upward movement towards 1.1665; however, failure to break and hold below 1.1580 could bring renewed pressure towards 1.1555.
 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

The pair is trading near higher highs around 155.69, benefiting from continued strength in US yields. However, momentum appears to be slowing, with a short-term correction possible.

Overall Trend: Bullish with Caution
Support: 154.90 – 154.20
Resistance: 156.40 – 157.00

Expectation:
Holding above 155.50 supports targets for 156.40 and then 157.00.
A break below 154.90 would push the pair towards a deeper correction towards 154.20.
 

 

- A look at yesterday report dated Dec 1, 2025.

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