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Jun 20, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

Yesterday, we predicted a bullish rebound to test the 1.3470 level, and the target has been achieved.
Current trend: Bullish correction within a descending channel.

  • Nearby resistance: 1.3520, then 1.3560.
  • Nearby support: 1.3460, then 1.3410.
  • Technical indicators: Positive momentum is evident, but the pair is approaching the upper boundary of the descending channel.

Expectation: Continued upward movement is contingent upon breaking 1.3520 and holding above it, while any failure at this level could lead to a bearish rebound.

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

As we predicted yesterday, continued consolidation above the trend line supports the possibility of a rise towards 1.1525, and the target has already been achieved.

  • Current trend: Bullish sideways within a symmetrical triangle.
  • Nearby resistance: 1.1550, then 1.1590.
  • Nearby support: 1.1480, then 1.1445.
  • Technical indicators: The MACD is showing positive momentum, and a break above the upper boundary is possible.

Expectation: If the 1.1550 resistance is broken, we may witness an acceleration towards 1.1590. A negative break below 1.1480 could return the pair to the 1.1440 levels.

USD/JPY chart on the hourly time frame

USD/JPY chart on the hourly time frame

The pair continues to move within a symmetrical triangle pattern that has extended since the beginning of June, approaching the upper boundary of the pattern. The current price is approximately 145.35, which is very close to the strong horizontal resistance at 145.65, supported by a sloping upward trend line.

Technical Analysis:

  • The price has almost recorded a double top near 145.65, which supports the possibility of a downward correction in the short term. - MACD shows weak positive momentum, with the indicator beginning to form lower highs, which may indicate weak current buying. - A slight price gap exists between the current price and the moving average, reinforcing the notion of a bearish bounce or correction.

Support Areas: 144.85: Previously repeated support. - 144.30: Coincides with the lower boundary of the channel.

Resistance Areas: 145.65: The most important resistance currently. - 145.95 – 146.00: A break above this level opens the door for a stronger upward wave.

Expectation: As long as the price remains below 145.65, there is a chance of a downward correction towards 144.85 – 144.30. - In the event of a clear and sustained break above 145.65 with clear buying momentum, we may see an extension of the upward trend towards 146.20 – 146.50.

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