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Mar 05, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is trading around 1.3310 after a sharp decline that pushed the price toward the lower boundary of the descending channel.

The current movement indicates a temporary stabilization with a limited technical rebound.

The MACD indicator has started to reduce its losses gradually, which may support a short-term corrective move before the main trend resumes.

Overall Trend: Bearish
 Support: 1.3280 – 1.3200
 Resistance: 1.3360 – 1.3420

Outlook:
 A break above 1.3360 could push the pair toward 1.3420 as part of a corrective rebound, while a break below 1.3280 may bring renewed pressure toward 1.3200.

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair remains under selling pressure after breaking the key support area near 1.1750 and is currently trading around 1.1590 within a clear downward trend.

The recent rebound appears to be only a technical correction, as the price is still trading below short-term averages.

The MACD indicator shows a slight improvement in momentum but remains in negative territory, suggesting that the bearish trend is still dominant in the short term.

Overall Trend: Bearish
 Support: 1.1550 – 1.1500
 Resistance: 1.1630 – 1.1700

Outlook:
 Holding below 1.1630 may keep selling pressure intact with a possible test of 1.1550, while a break above 1.1700 could open the door for a broader corrective rebound.

 

USDJPY chart on the hourly time frame

USD/JPY Chart on the hourtly time frame

The pair is trading around 157.15, maintaining a bullish trend supported by the yield differential between U.S. and Japanese bonds.

Current price action shows consolidation near highs with positive momentum still present.

Overall Trend: Bullish
 Support: 156.00 – 154.80
 Resistance: 158.20 – 160.00

Outlook:
 Holding above 156.00 may support a move toward 158.20, while a break below this level could trigger a broader correction.

 

 

- A look at yesterday report dated March 4 2026.

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