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Dec 29, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is moving above a relatively long-standing ascending trendline but has entered a sideways consolidation phase near the highs after a strong upward surge.

The moving averages are starting to lose their positive slope, while the MACD is showing a clear decline in momentum, reflecting a cautious and profit-taking trend without a bearish technical break so far.

Overall trend: Weak bullish (consolidation)
Support: 1.3450 – 1.3380
Resistance: 1.3520 – 1.3560

Expectation: Maintaining trading above 1.3450 keeps the bullish trend intact, while a break could push the pair into a deeper correction towards 1.3380.
 

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair is moving within a medium-term ascending channel after a strong bounce from the bottom, but failed to maintain trading above the upper resistance zone near 1.1800, leading to a moderate corrective move.

The price is currently trading near the lower boundary of the ascending move and its moving averages, while the MACD indicator shows a clear negative shift in momentum, reflecting weak short-term buying power.

Overall trend: Neutral with a slight correction bias
Support: 1.1750 – 1.1715
Resistance: 1.1790 – 1.1820

Expectation: Holding above 1.1715 could allow for a technical bounce attempt, while a break below it reinforces the correction scenario towards 1.1680.
 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

The pair is trading near historical highs as the monetary policy divergence between the Federal Reserve and the Bank of Japan persists.

However, signs of bullish exhaustion are emerging, with the positive momentum on the MACD indicator waning.

Any profit-taking could trigger a limited correction without breaking the overall trend.

Overall Trend: Upward with a Correction Tendency
Support: 155.40 – 154.80
Resistance: 156.80 – 157.50

Expectation: Continued trading above 155.40 maintains the positive outlook, while a break could open the door for a deeper decline towards 154.80.
 

 

 

- A look at last week report dated Dec 26, 2025.

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