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EUR/USD Chart on the hourtly time frame

The pair continues to move within a descending channel on the hourly timeframe, clearly failing to hold onto recent gains and returning to trade near the channel's midpoint. The recent rebound has lost momentum, while the MACD indicator suggests weakening positive strength and the imminent return of bearish pressure.

A clear break below 1.1620 could reopen the path towards the recent low near 1.1585, while a break above 1.1695 is needed to alleviate the downward pressure and open the way for a broader correction.

Overall Trend: Bearish with limited corrective attempts
Support: 1.1620 – 1.1585
Resistance: 1.1695 – 1.1735

Expectation: Holding below 1.1695 maintains the bearish pressure, while a break above it could trigger a broader upward correction.

USDJPY chart on the hourly time frame The pair maintains its upward momentum within an uptrend, despite the price entering a consolidation and profit-taking phase. Positive momentum remains, but the current slowdown may precede a stronger move. Overall Trend: Upward Support: 157.60 – 156.90 Resistance: 159.30 – 160.00 Expectation: Holding above support suggests a resumption of the upward trend, while a break could trigger a wider correction.