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Technical analysis of some currency pairs:

Technical Analysis Report (April 16, 2026):

GBPUSD chart on the hourly timeframe

The pair is trading near 1.3570, continuing its bullish trend but facing strong resistance limiting further gains.
MACD indicates weakening bullish momentum, suggesting possible consolidation or a minor pullback.

• Overall trend: Bullish
• Support: 1.3500 – 1.3450
• Resistance: 1.3580 – 1.3620

Outlook:
A break above 1.3580 may extend gains, while failure could trigger a short-term correction. 
 

EURUSD chart on the hourly timeframe

The pair is trading near 1.1805 after a clear breakout above a previous resistance level, maintaining a bullish trend with higher highs formation.
MACD shows slowing momentum, suggesting a possible short-term pullback before continuation.

• Overall trend: Bullish
• Support: 1.1780 – 1.1730
• Resistance: 1.1820 – 1.1850

Outlook:
Holding above 1.1780 supports further upside, while failure to break 1.1820 may lead to a temporary correction. 
 

USDJPY chart on the hourly timeframe

The pair is trading near 158.80 in a short-term downtrend after breaking key support levels.
MACD remains in negative territory, reflecting ongoing selling pressure despite slight stabilization attempts.

• Overall trend: Bearish
• Support: 158.50 – 158.00
• Resistance: 159.40 – 160.00

Outlook:
Holding below 159.40 supports further downside, while a break above may trigger a corrective rebound.