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Apr 17, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is trading near 1.3510 with the upward trend continuing, but it faces strong resistance near the recent high.
The MACD indicator shows a negative shift in momentum, reflecting weakening buying power and the potential for a correction.

  • Overall trend: Upward
  • Support: 1.3480 – 1.3400
  • Resistance: 1.3580 – 1.3650

Expectation: A break above 1.3580 reinforces the continuation of the uptrend, while a break below 1.3480 supports a downward correction.
 

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair is trading near 1.1770, continuing its upward trend, but is facing selling pressure after failing to hold above the recent resistance.
The MACD indicator shows a decline in positive momentum, suggesting the possibility of a short-term correction.

  • Overall trend: Upward
  • Support: 1.1750 – 1.1700
  • Resistance: 1.1800 – 1.1830

Expectation: Holding above 1.1750 supports a resumption of the upward trend, while a break below this level could trigger a deeper correction.
 

 

USDJPY chart on the hourly time frame

USD/JPY Chart on the hourtly time frame

The pair is trading near 159.40, attempting to resume its upward trend after a previous pullback.
The MACD indicator shows improved positive momentum, supporting the possibility of continued gains.

  • Overall Trend: Sideways to Upward
  • Support: 158.50 – 158.00
  • Resistance: 159.80 – 160.50

Expectation: A break above 159.80 would support further gains, while a failure could trigger renewed selling pressure.
 


- A look at yesterday report dated April 16 2026.

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