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Nov 04, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

General Trend: Bearish within a descending price channel.

  • MACD remains negative but shows early signs of momentum recovery.
  • Price trades below the moving averages with resistance near 1.3180 and strong support at 1.3120.

Reasons:
 • Weak UK manufacturing data and declining growth expectations.
 • Dollar strength supported by positive US data.
 • Concerns over a potential policy pause by the Bank of England.

Outlook:

  • A break below 1.3120 could push the pair to 1.3080.
  • A rebound above 1.3180 may target 1.3260.


 

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

General Trend: Bearish within a downward price channel.

  • MACD remains in the negative zone, showing weak and stabilizing momentum.
  • Price is below both short and medium-term moving averages.
  • Key support at 1.1500, resistance at 1.1590.

Reasons:
 • Continued strength of the US dollar supported by strong labor data.
 • Weak Eurozone economic sentiment and services performance.
 • Lack of bullish catalysts for the euro.

Outlook:

  • A break below 1.1500 may lead to 1.1460.
  • A rebound above 1.1590 could retest 1.1640.


 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

General Trend: Bullish within an ascending price channel.

  • MACD remains positive with strong upward momentum.
  • Price above both short- and medium-term moving averages.
  • Support at 152.80, resistance at 154.30.

Reasons:
 • Wide yield gap between US and Japanese bonds supports USD.
 • Yen weakness due to Bank of Japan’s ultra-loose monetary stance.
 • Increased demand for USD as a safe haven.

Outlook:

  • A break above 154.30 may target 155.00.
  • A drop below 152.80 could trigger a correction toward 152.10.

 
 

- A look at yesterday report dated Nov 3, 2025.

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