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Mar 06, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is trading within a corrective range following the sharp decline seen earlier this week, attempting to stabilize above 1.3340. The MACD indicator shows improving positive momentum, which supports the possibility of an extended rebound toward higher resistance levels if risk appetite continues to improve.

Overall Trend: Bearish with a bullish correction
 Support: 1.3330 – 1.3290
 Resistance: 1.3400 – 1.3450

Outlook: Holding above 1.3330 may support a move toward 1.3400, while a break below this support could push the pair back toward 1.3290.

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair remains within a broader downtrend after breaking the key support near 1.1750, but it is currently attempting a modest recovery from the recent low around 1.1570. Price is trading near 1.1600 as the MACD indicator gradually improves and approaches the positive territory, suggesting the potential for a short-term corrective rebound before the dominant trend resumes.

Overall Trend: Bearish with a short-term bullish correction
 Support: 1.1580 – 1.1540
 Resistance: 1.1650 – 1.1700

Outlook: A break above 1.1650 may open the door for a move toward 1.1700, while failure to hold above 1.1580 could renew downside pressure toward 1.1540.

 

USDJPY chart on the hourly time frame

USD/JPY Chart on the hourtly time frame

The pair is trading near historically elevated levels as the US dollar remains strong, although bullish momentum has started to slow slightly. The MACD indicator remains positive, suggesting the uptrend could continue as long as the pair holds above nearby support levels.

Overall Trend: Bullish
 Support: 157.00 – 156.20
 Resistance: 158.80 – 160.00

Outlook: A break above 158.80 may push the pair toward 160.00, while a drop below 157.00 could trigger a correction toward 156.20.

 

 

- A look at yesterday report dated March 5 2026.

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