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Sep 17, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

  • Trend: The price is in an upward movement, forming higher highs and higher lows within a parallel channel (ascending trend).

 

  • Resistance: The price is currently approaching a major resistance zone around 1.3670. This level has held as resistance multiple times, which might lead to a potential pullback or consolidation.

 

  • Support: There's a key support level at 1.3510 which has been tested several times and could act as a strong point for potential reversals if the price declines.

 

  • MACD: The MACD indicator is showing strong upward momentum, with the histogram bars extending into positive territory, indicating bullish strength.


Outlook: The pair remains bullish for now, with potential resistance at 1.3670. If the price tests this level and fails to break above, a short-term pullback might occur.
 

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

  • Trend: The pair is in a clear uptrend within a rising channel, after breaking previous resistance levels.
     
  • Resistance: It is facing approximately 1.1870, an important resistance level that may pressure the price for a short correction.
     
  • Support: The nearest support is at 1.1795, followed by stronger support near 1.1710.
     
  • MACD: Strong positive momentum is showing with extended green bars, but a slight slowdown in momentum may indicate a possible correction.

Expectation: Continued upward momentum is contingent upon stability above 1.1795. A break above it could open the way for a decline towards 1.1710.
 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

  • Trend: The market is clearly in a downtrend, with lower highs and lower lows, as seen by the descending trendline.

 

  • Resistance: Resistance is evident at 147.30, and the price recently attempted to retest this level before pulling back. A failure to break above could lead to further downward movement.

 

  • Support: The next significant support level is around 146.46, which is the current low and has been tested previously. A breakdown below this level could lead to further selling pressure.

 

  • MACD: The MACD shows bearish momentum, with the histogram in red and the price trending lower. This suggests that the downtrend is likely to continue, at least in the short term.

 

Outlook: The pair remains in a bearish trend, with potential downside towards 146.46. A break below this level could accelerate the downtrend further.
 
 

- A review of yesterday's report dated September 16, 2025.

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