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Jan 06, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is showing clear strength after bouncing off the lower boundary of the ascending channel, trading near new local highs, supported by strong buying momentum. Moving averages support the upward trend, and the MACD indicator is moving in positive territory with accelerating momentum.

Overall trend: Upward
Support: 1.3480 – 1.3420
Resistance: 1.3560 – 1.3600

Expectation: Continued trading above 1.3480 keeps the bullish scenario intact, with the possibility of testing 1.3600, while a break below support could lead to a limited downward correction.
 

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair continues its recovery attempts after bouncing off the support zone near 1.1680, supported by improved corrective momentum and a return to trading above the short-term moving averages. Despite this rebound, the pair remains within an upward corrective range within a broader, neutral trend.

The MACD indicator shows improved positive momentum, but buying power has not yet reached full confirmation.

Overall trend: Neutral with a slight upward bias
Support: 1.1700 – 1.1680
Resistance: 1.1765 – 1.1800

Expectation: A clear break above 1.1765 could support a continuation of the upward movement towards 1.1800, while failure to hold above support could bring back selling pressure.
 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

The pair is moving in a stable upward trend, supported by the monetary policy divergence between the US Federal Reserve and the Bank of Japan. Positive momentum remains, but prices are approaching relatively overbought territory.

Overall Trend: Upward
Support: 155.40 – 154.80
Resistance: 156.80 – 157.30

Expectation: Holding above 155.40 supports continued upward movement, while a break below this level could trigger a short-term downward correction.
 

 

- A look at yesterday report dated Jan 5, 2026.

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