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Oct 30, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

Overall trend: Bearish within a broad descending channel.
 MACD indicator: In the negative zone, with bearish momentum still dominant but slightly easing.
 Price action: Below both moving averages, with mild recovery attempts near 1.3210.

Reasons:

  • Continued U.S. Dollar strength against major currencies.
  • Weak U.K. growth data and no supportive tone from the Bank of England.
  • Profit-taking after heavy declines.


Outlook:

  • A breakout above 1.3270 could target 1.3330.
  • A drop below 1.3180 may lead to a move toward 1.3120.

 

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

Overall trend: Bearish within a descending channel.
 MACD indicator: In the negative zone but showing early signs of weakening bearish momentum.
 Price action: Trading below the downtrend line with a limited corrective rebound from strong support near 1.1590.

Reasons:

  • Strong U.S. Dollar supported by higher bond yields.
  • Lack of bullish Eurozone economic data.
  • Short-term corrective buying after a sharp decline.


Outlook:

  • A break above 1.1650 may push the pair toward 1.1680.
  • A drop below 1.1590 could extend the decline toward 1.1550.
     
USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

Overall trend: Strongly bullish near major resistance levels.
 MACD indicator: Positive but showing signs of overbought conditions.
 Price action: Trading well above the moving average, confirming the short-term uptrend.

Reasons:

  • Wide yield spread between U.S. and Japanese bonds.
  • Continued ultra-loose monetary policy from the Bank of Japan.
  • Safe-haven demand for the U.S. Dollar.


Outlook:

  • A break above 153.20 could drive the pair toward 154.00.
  • A drop below 152.40 could trigger a correction toward 151.80.

 
 

- A look at yesterday report dated October 29, 2025.

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