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Apr 01, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair continues its recovery and is currently trading near 1.3286, approaching the upper boundary of the descending channel, supported by a temporary improvement in risk appetite and a relative weakening of the US dollar.

The MACD indicator is in positive territory, but momentum is beginning to slow, suggesting potential for fluctuations. A break above 1.3320 could push the price towards 1.3370, while a failure could send the price back towards support.

Overall Trend: Neutral with a slight upward bias

Support: 1.3220 – 1.3170

Resistance: 1.3320 – 1.3370

Expectation: A break above resistance would support the continuation of the recovery, while a failure would bring back downward pressure.
 

 

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The euro is trading near 1.1589 after an upward bounce, approaching a key technical resistance level, with a noticeable improvement in momentum on the MACD indicator. However, the pair remains within a corrective range, and a break above 1.1620 could strengthen the upward move towards 1.1660, while a break below 1.1550 could reinstate the downward trend.

Overall trend: Neutral

Support: 1.1550 – 1.1500

Resistance: 1.1620 – 1.1660

Expectation: Continued volatility with an upward bias if resistance is broken.
 

 

USDJPY chart on the hourly time frame

USD/JPY Chart on the hourtly time frame

The pair is trading near 158.39 after a slight pullback from the highs, with the overall trend remaining bullish despite weak momentum. The MACD indicator suggests a slowdown, which could lead to sideways movement or a temporary correction.

Overall Trend: Bullish

Support: 157.50 – 156.20

Resistance: 159.50 – 160.50

Expectation: Fluctuations with an upward bias as long as the price holds above support.
 
 

- A look at yesterday report dated March 31 2026.

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