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Sep 01, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

Chart Pattern: Symmetrical Triangle

Current Status: Price approaching the upper edge of the triangle.

Indicators:

  • MACD is mildly positive.
  • Price action leans bullish but with low momentum.

Outlook: A breakout above 1.3535 could lead to 1.3570, then 1.3610. Otherwise, a drop to 1.3460 may occur.
 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

Chart Pattern: Symmetrical Triangle

Current Status: Price is testing the upper boundary of the triangle.

Indicators:

  • Price is above the moving average (bullish bias).
  • MACD is positive and rising.

Outlook: A breakout above 1.1715–1.1720 may lead to a bullish move toward 1.1745, then 1.1780. Failure to break out could push price down toward 1.1620.

 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

Chart Pattern: Descending Triangle

Current Status: Sideways with a bearish tilt.

Indicators:

  • MACD is negative but slowing.
  • Price below moving average.

Outlook: A break below 146.85 could trigger further decline toward 146.50 and 146.00. Resistance at 147.50 is key to watch.
 

 

- A look at yesterday's report dated Aug 29, 2025.

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