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Jul 02, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The GBP/USD pair reached the resistance level we mentioned yesterday at 1.3750, but quickly rebounded from the 1.37770 levels.

General trend: Upward, but there are signs of weakness.

Technical situation:

  • The price rebounded from strong resistance and formed a bearish rising wedge pattern.
  • A break of the minor support within the pattern may indicate the beginning of a correction.
  • MACD is negative and supports this possibility.

Expectation: A potential downward correction towards 1.3660 - 1.3620.

 

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The EUR/USD pair achieved our target mentioned yesterday at 1.1820.

General trend: Upward.

Technical situation:

  • The price is approaching the upper boundary of the ascending channel.
  • MACD shows weak upward momentum (retreating green bars).

Expectation: A slight downward correction from current levels is possible before continuing upwards if the channel is not broken.

Strong support point: 1.1605.

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

Yesterday's target at 143.20 was achieved.

General trend: Sideways and bearish.

Technical situation:

  • The price remains below the 144 level, indicating weak demand.
  • If 143.40 is broken, we may see a move towards 142.80.
  • However, if the price returns above 144.20, a limited rebound may be possible.

Expectation: Bearish as long as it remains below 144.
 

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