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Apr 08, 2026

Technical analysis of some currency pairs:

 

Technical Analysis Report (April 8, 2026):Technical analysis of GBPUSD chart

GBPUSD chart on the hourly timeframe

GBPUSD is trading around 1.3380 following a strong breakout above the 1.3320 level, reinforcing the bullish outlook.
Momentum shows clear strength with an acceleration in recent price action.

  • Trend: Bullish
  • Support: 1.3320 – 1.3280
  • Resistance: 1.3400 – 1.3450

Outlook: Stability above 1.3320 supports further upside, while a break below may lead to a corrective move.
 


Technical analysis of EURUSD chart

EURUSD chart on the hourly timeframe

EURUSD is trading near 1.1685 after a clear breakout above the 1.1630 resistance level, supporting further upside in the short term.
Momentum remains positive, with no strong signs of a correction so far.

  • Trend: Bullish
  • Support: 1.1630 – 1.1580
  • Resistance: 1.1700 – 1.1720

Outlook: Holding above 1.1630 supports continued gains, while a break below may trigger a downside correction.
 


Technical analysis of USDJPY chart

USDJPY chart on the hourly timeframe

USDJPY is trading near 158.40 after a sharp rejection from the 159.80 resistance zone, indicating strong selling pressure.
Negative momentum is increasing, reflecting bearish dominance in the short term.

  • Trend: Bearish
  • Support: 158.00 – 157.00
  • Resistance: 159.00 – 159.80

Outlook: Staying below 159.00 supports further downside, while a move above may limit losses.
 


 

 


 

 

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