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Mar 02, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is moving within a clear descending channel on the hourly timeframe and has broken an important horizontal support level near 1.3470, accompanied by an acceleration in negative MACD momentum.

The recent military escalation has strengthened the U.S. dollar and renewed pressure on the British pound.
Price is approaching the lower boundary of the descending channel, which may open the door for a limited technical rebound; however, the overall trend remains negative.

Overall Trend: Bearish
 Support: 1.3390 – 1.3330
 Resistance: 1.3470 – 1.3520

 Outlook: A break below 1.3390 would reinforce further downside, while a move back above 1.3470 could trigger a limited bullish correction within the broader downtrend.

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair is under strong selling pressure after breaking a key support level visible on the chart, with clear acceleration in negative MACD momentum.

The recent move was driven by a sharp surge in demand for the U.S. dollar as a liquidity currency amid the ongoing war and military tensions in the Gulf, triggering broad selling across European currencies.
Price has broken the recent low and is trading near the 1.1750 area, reflecting short-term seller dominance.

Overall Trend: Bearish
 Support: 1.1740 – 1.1680
 Resistance: 1.1795 – 1.1830

 Outlook: Holding below 1.1795 keeps downside pressure intact. A break below 1.1740 could open the door for a deeper decline, while a move above 1.1830 would only temporarily ease bearish momentum.

 

USDJPY chart on the hourly time frame

USD/JPY Chart on the hourtly time frame

The pair is experiencing sharp volatility. Despite dollar strength, safe-haven demand for the Japanese yen is limiting gains. Price is trading near key technical resistance levels, with a gradual decline in MACD momentum.

Overall Trend: Neutral to Bearish
 Support: 155.80 – 154.90
 Resistance: 157.80 – 158.60

 Outlook: A break below 155.80 may trigger a broader decline, while a move above 157.80 would restore bullish momentum.

 

 

 

- A look at last week report dated Feb 27 2026.

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