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Apr 06, 2026

Technical analysis of some currency pairs:

 

Technical Analysis Report (April 6, 2026):Technical analysis of GBPUSD chart

GBPUSD chart on the hourly timeframe

The pair is trading near 1.3215 after bouncing off support at 1.3200, attempting to form a short-term uptrend.
Momentum remains relatively weak despite the improvement, reflecting market indecision.

Overall trend: Neutral
Support: 1.3200 – 1.3170
Resistance: 1.3250 – 1.3300

Expectation: Holding above 1.3200 supports a limited recovery, while a break would reinstate the downtrend.
 


Technical analysis of EURUSD chart

EURUSD chart on the hourly timeframe

The pair is consolidating above the 1.1500 support zone after a corrective move and is currently trading near 1.1525 within a symmetrical triangle pattern, with relatively calm dollar movement.
The MACD indicator is moving near positive territory with a gradual improvement in momentum, supporting the possibility of a breakout.

Overall trend: Neutral with a slight upward bias
Support: 1.1500 – 1.1470
Resistance: 1.1550 – 1.1600

Expectation: A break above 1.1550 would support a move towards 1.1600, while a break below support could push the price back down to 1.1470
 


Technical analysis of USDJPY chart

USDJPY chart on the hourly timeframe

The pair continues to trade near 159.56 within a strong upward trend supported by the yield spread.
Momentum remains positive with clear buying dominance.

General Trend: Upward
Support: 158.50 – 157.20
Resistance: 160.50 – 162.00

Expectation: Upward trend to continue unless support is broken
 


 

 


 

 

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