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Mar 09, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is trading near the lower boundary of a symmetrical triangle pattern on the hourly chart following a prior decline, suggesting a consolidation phase before the next directional move.

The MACD indicator leans negative with weakening momentum, increasing the possibility of a downside break if pressure on the pound persists.

Overall Trend: Neutral to slightly bearish
 Support: 1.3290 – 1.3240
 Resistance: 1.3340 – 1.3390

 Outlook: A break below 1.3290 could open the way toward 1.3240, while a rebound above 1.3340 may allow a retest of 1.3390.

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair continues to trade within a bearish trend on the hourly timeframe after a clear break below the previous support around 1.1560, before attempting a modest rebound.

Price is currently trading below the moving averages, while the MACD indicator still reflects negative momentum despite some slowing.

Any upward movement at this stage may remain corrective unless the pair manages to reclaim nearby resistance levels.

Overall Trend: Bearish
 Support: 1.1520 – 1.1480
 Resistance: 1.1560 – 1.1600

 Outlook: Staying below 1.1560 keeps downside pressure intact with a potential test of 1.1500, while a break above could trigger a corrective move toward 1.1600.

 

USDJPY chart on the hourly time frame

USD/JPY Chart on the hourtly time frame

The pair remains near recent highs, supported by continued strength in the US dollar and the wide yield gap between the United States and Japan.

MACD momentum remains positive, though early signs of slowing appear as price approaches overbought territory.

Overall Trend: Bullish
 Support: 157.40 – 156.60
 Resistance: 159.20 – 160.00

 Outlook: Holding above 157.40 supports a move toward 159.20, while a break below support could trigger a correction toward 156.60.

 

 

- A look at last week report dated March 6 2026.

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