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Sep 03, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

  • Trend: Bearish.
  • Support: 1.3360 (ascending trendline).
  • Resistance: 1.3450.
  • Price Action: Strong downward move after breaking support.
  • MACD: Bearish, with slight momentum loss.

 Scenario:
 Retest of 1.3400–1.3450 area is possible before continuation downward. Break below 1.3360 opens path to 1.3300.

 

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

  • Current trend: Bearish (corrective).
  • Support: 1.1600 (blue line).
  • Resistance: 1.1740 (recent swing high).
  • Price Action: Price is still above the ascending trendline, but in a short-term downtrend.
  • MACD Indicator: Bearish, but showing signs of slowing down.

 Scenario:
 If 1.1600 holds, we may see a bounce toward 1.1680. A break below the trendline could push price to 1.1550.

 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

  • Trend: Strong bullish.
  • Support: 148.240, then 147.900.
  • Resistance: 148.920 (recent high).
  • Price Action: Broke through previous resistance with strong momentum.
  • MACD: Very bullish.

Scenario:
 As long as price holds above 148.240, uptrend likely to continue. Next target is above 149.00.
 
 

- A look at yesterday's report dated Sep 2, 2025.

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