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Jan 23, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pound is trading near a strong horizontal resistance after a sharp rally from the lows, with bullish momentum starting to slow. Price remains above moving averages, while MACD is positive but easing, pointing to possible consolidation or a technical correction.

Overall trend: Neutral to bullish
 Support: 1.3420 – 1.3380
 Resistance: 1.3500 – 1.3540

 Outlook: A breakout above 1.3500 could support further upside, while holding below may lead to a retest of 1.3420.

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair continues to trade near the upper boundary of the recent bullish move after a strong rebound from the lows, hovering below a key sloping resistance. Moving averages remain supportive, while the MACD stays in positive territory with signs of slowing momentum, suggesting a consolidation phase.

Overall trend: Neutral to bullish
 Support: 1.1700 – 1.1650
 Resistance: 1.1760 – 1.1800

 Outlook: A clear break above 1.1760 may open the way toward 1.1800, while failure could trigger a limited pullback toward 1.1700.

 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

The pair remains in a broader uptrend, but with noticeable slowing near highs. Current price action reflects consolidation and profit-taking rather than a clear bearish reversal.

Overall trend: Bullish with slowing momentum
 Support: 157.40 – 156.80
 Resistance: 159.30 – 160.00

 Outlook: A break above 159.30 may revive upside momentum, while a drop below 157.40 could open the door for a wider correction.

 

- A look at yesterday report dated Jan 22, 2026.

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