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Apr 20, 2026

Technical analysis of some currency pairs:

 

Technical Analysis Report (April 20, 2026):Technical analysis of GBPUSD chart

GBPUSD chart on the hourly timeframe

The pair is trading near 1.3490 after a bearish pullback from a strong resistance zone, with bullish momentum gradually fading.
 MACD is moving in negative territory, indicating weakening upside strength.

  • General Trend: Bullish (bearish correction)
  •  Support: 1.3450 – 1.3360
  •  Resistance: 1.3550 – 1.3600

Outlook:
 A break above 1.3550 supports a continuation higher, while a move below 1.3450 increases downside pressure.


Technical analysis of EURUSD chart

EURUSD chart on the hourly timeframe

The pair is trading near 1.1750 after pulling back from the recent high, with clear selling pressure following the failure to hold above resistance.
 The MACD indicator shows increasing negative momentum, reflecting weakening buying strength and a potential continuation of the correction.

  • General Trend: Bullish (with ongoing correction)
  •  Support: 1.1710 – 1.1625
  •  Resistance: 1.1810 – 1.1850

Outlook:
 A break above 1.1810 may restore bullish momentum, while a drop below 1.1710 could extend the downside correction.


Technical analysis of USDJPY chart

USDJPY chart on the hourly timeframe

The pair is trading near 159.00 after a choppy movement, attempting a rebound from support levels.
 MACD shows slight improvement in momentum, but remains weak overall.

  • General Trend: Sideways
  •  Support: 158.30 – 157.90
  •  Resistance: 159.70 – 160.00

Outlook:
 A break above 159.70 could trigger further gains, while a drop below 158.30 may bring back selling pressure.


 

 


 

 

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