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Mar 03, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair continues to trade within a descending channel, hovering near 1.3360 after breaking below the 1.3400 support level.

Bearish momentum remains dominant despite limited rebound attempts, while MACD stays in negative territory with a slight slowdown in downside momentum.

A move above 1.3420 could open the door toward 1.3490, but failure to hold gains would keep downside pressure intact.

Overall Trend: Bearish
 Support: 1.3330 – 1.3280
 Resistance: 1.3420 – 1.3490

 Outlook: The negative bias remains unless 1.3490 is decisively broken.

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair remains under clear selling pressure after breaking below the 1.1760 support area, currently trading near the lower boundary of the descending channel on the H1 timeframe.

Bearish momentum is accelerating, with the MACD staying in negative territory and showing no strong reversal signals yet.

Any rebound above 1.1700 could trigger a corrective move toward 1.1735, but the broader trend remains bearish unless 1.1760 is reclaimed.

Overall Trend: Bearish
 Support: 1.1660 – 1.1620
 Resistance: 1.1700 – 1.1735

 Outlook: Selling pressure is likely to persist unless a clear break above 1.1760 occurs.

 

USDJPY chart on the hourly time frame

USD/JPY Chart on the hourtly time frame

The pair remains near elevated levels, supported by yield differentials. Holding above 156.80 strengthens the probability of testing 158.50.

Overall Trend: Bullish
 Support: 156.80 – 155.90
 Resistance: 158.50 – 160.00

 Outlook: Bullish momentum remains intact unless 155.90 is broken.

 

- A look at yesterday report dated March 2 2026.

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