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Mar 04, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is trading within a clear descending channel and is currently hovering near 1.3338 after a limited rebound from the recent low.

Price remains below the 1.3390 resistance level, with negative momentum still dominant despite a slight improvement in the MACD indicator.

Overall Trend: Bearish
 Support: 1.3300 – 1.3240
 Resistance: 1.3390 – 1.3470

 Outlook: A break below 1.3300 would reinforce further downside toward 1.3240, while a move above 1.3390 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 continues to trade within a clear downtrend after breaking the key 1.1760 support level and is currently stabilizing near 1.1617 with a limited technical rebound attempt.

Price remains below the descending channel and moving averages, while MACD shows slight improvement in negative momentum without a true trend reversal.

Overall Trend: Bearish
 Support: 1.1580 – 1.1520
 Resistance: 1.1665 – 1.1760

 Outlook: Holding below 1.1665 keeps downside pressure intact, and a break of 1.1580 may open the door for further losses, while only a move above 1.1760 would temporarily ease the bearish outlook.

 

USDJPY chart on the hourly time frame

USD/JPY Chart on the hourtly time frame

The pair remains near elevated highs supported by yield differentials, despite continued safe-haven demand for the yen amid the war.

The MACD indicator shows an attempt to recover positive momentum, but price action remains volatile due to geopolitical developments.

Overall Trend: Cautiously Bullish
 Support: 156.40 – 155.80
 Resistance: 158.20 – 159.00

 Outlook: Holding above 156.40 supports further upside, while a break below it may trigger a limited corrective pullback.

 

 

- A look at yesterday report dated March 3 2026.

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