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Apr 21, 2026

Technical analysis of some currency pairs:

 

Technical Analysis Report (April 21, 2026):Technical analysis of GBPUSD chart

GBPUSD chart on the hourly timeframe

The pair is trading near 1.3520 after a bullish bounce from support, with clear momentum weakness.
The MACD indicator shows slight improvement but still lacks confirmation of a strong bullish trend.

  • Overall trend: Bullish (Corrective)
  • Support: 1.3480 – 1.3380
  • Resistance: 1.3560 – 1.3600

Expectation:
A break above 1.3560 supports a renewed upward move, while a break below 1.3480 would bring back selling pressure.
 


Technical analysis of EURUSD chart

EURUSD chart on the hourly timeframe

The pair is trading near 1.1780 after pulling back from a strong resistance area, attempting to stabilize and showing some volatility.
The MACD indicator remains in negative territory, reflecting continued weak buying momentum.

  • Overall trend: Upward (Downward correction)
  • Support: 1.1750 – 1.1650
  • Resistance: 1.1820 – 1.1850

Expectation:
A break above 1.1820 would support a resumption of the upward trend, while a break below 1.1750 would reinforce the continuation of the correction.
 


Technical analysis of USDJPY chart

USDJPY chart on the hourly timeframe

The pair is trading near 158.80 in a sideways range after a sharp decline, with attempts at recovery.
The MACD indicator shows a gradual improvement in momentum but remains limited.

  • Overall Trend: Sideways
  • Support: 158.30 – 157.80
  • Resistance: 159.50 – 159.90

Expectation:
A break above 159.50 would support a corrective upward move, while a break below 158.30 would reinstate the downtrend.
 


 

 


 

 

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