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Apr 09, 2026

Technical analysis of some currency pairs:

 

Technical Analysis Report (April 9, 2026):Technical analysis of GBPUSD chart

GBPUSD chart on the hourly timeframe

The pair is trading near 1.3390 after a strong rally and a breakout above 1.3340, followed by a slight pullback. Momentum remains positive but is showing signs of slowing, indicating a possible consolidation with a bullish bias.

  • Trend: Bullish
  • Support: 1.3340 – 1.3290
  • Resistance: 1.3420 – 1.3460

Outlook: Staying above 1.3340 supports further gains, while a break below may lead to a limited correction.
 


Technical analysis of EURUSD chart

EURUSD chart on the hourly timeframe

The pair is trading near 1.1660 after a mild pullback from recent highs, following a clear breakout above 1.1630. The short-term trend remains bullish, although momentum is starting to ease, suggesting a potential consolidation phase.

  • Trend: Bullish
  • Support: 1.1630 – 1.1580
  • Resistance: 1.1685 – 1.1720

Outlook: Holding above 1.1630 keeps the upside intact, while a break below may trigger a deeper correction.
 


Technical analysis of USDJPY chart

USDJPY chart on the hourly timeframe

The pair is trading near 158.88 after a sharp decline from levels close to 160, reflecting notable yen strength. Momentum is clearly negative, suggesting continued downside pressure in the near term.

  • Trend: Bearish
  • Support: 158.00 – 157.20
  • Resistance: 159.70 – 160.20

Outlook: Holding below 160 supports further decline, while a move above may signal stabilization.
 


 

 


 

 

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