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Mar 31, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is showing relative stability after a strong downward move, trading near the lower boundary of the descending channel and attempting to form a temporary bottom around 1.3180.
The MACD indicator is starting to improve but remains negative, reflecting weak upward momentum. A break above 1.3250 could support a rebound towards 1.3300, while a break below 1.3180 would reinstate the bearish scenario.

Overall trend: Bearish with a possible correction

Support: 1.3180 – 1.3120

Resistance: 1.3250 – 1.3300

Expectation: Limited corrective movement unless the bullish breakout is confirmed.
 

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair continues to move within a clear descending channel and is currently trading near the lower boundary after a slight bounce from the 1.1460 support level. Selling pressure remains despite the recovery attempt, with the MACD indicator still in negative territory but showing a slowdown in the downward momentum. A break below 1.1450 could push the price towards 1.1400, while a move above 1.1500 could offer a limited corrective opportunity.

Overall Trend: Bearish

Support: 1.1450 – 1.1400

Resistance: 1.1500 – 1.1540

Expectation: Continued selling pressure unless 1.1500 is clearly broken.
 

 

USDJPY chart on the hourly time frame

USD/JPY Chart on the hourtly time frame

The pair continues to trade near higher highs around 159.63, with a strong upward trend supported by clear positive momentum on the MACD. However, overbought signals are emerging, which could lead to some volatility or a temporary correction. A break above 160.20 would reinforce the uptrend, while a break below 158.50 could open the door for a correction.

Overall Trend: Upward

Support: 158.50 – 157.20

Resistance: 160.20 – 161.50

Expectation: The upward trend continues with the possibility of a temporary pullback.
 

 

- A look at yesterday report dated March 30 2026.

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