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Apr 10, 2026
Technical analysis of some currency pairs:
Technical Analysis Report (April 10, 2026):
GBPUSD chart on the hourly timeframe
The pair is trading near 1.3410 after a strong upward surge and a break above 1.3340, before showing some slight pullback and relative stability. Momentum remains positive with a tendency towards consolidation.
- Overall trend: Upward
- Support: 1.3340 – 1.3290
- Resistance: 1.3450 – 1.3490
Expectation: Holding above 1.3340 supports continued upward movement, while a break could lead to a limited downward correction.
EURUSD chart on the hourly timeframe
The pair is trading near 1.1685 after a strong rally and a clear break above 1.1620, before consolidating above the breached resistance. Momentum remains positive despite some consolidation, suggesting the bullish trend could continue.
- Overall trend: Bullish
- Support: 1.1620 – 1.1580
- Resistance: 1.1720 – 1.1760
Expectation: Maintaining trading above 1.1620 supports further gains, while a break could trigger a limited downward correction.
USDJPY chart on the hourly timeframe
The pair is trading near 159.27 after an extended rally, showing some volatility near the highs. Momentum remains positive but is starting to lose some strength.
- Overall Trend: Bullish
- Support: 158.40 – 157.80
- Resistance: 160.00 – 160.80
Expectation: Holding above 158.40 supports the continuation of the bullish trend, while a break could open the door for a downward correction.