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EUR/USD Chart on the hourtly time frame

The pair is showing a clear failure to maintain trading within the ascending channel after bouncing off the recent high near the upper channel boundary. The price is currently trading near the lower boundary of the broken ascending channel, increasing the likelihood of continued short-term selling pressure.
The MACD indicator has clearly moved into negative territory with increasing red bars, confirming the weakening upward momentum and the market entering a correction phase.

Overall Trend: Neutral with a slight downward bias
Support: 1.1840 – 1.1810
Resistance: 1.1890 – 1.1950

Expectation: Holding below 1.1890 maintains the negative pressure, while a break below 1.1840 could push the pair towards 1.1810. Only a return above 1.1950 would reinstate the bullish scenario.
 

USDJPY chart on the hourly time frame The pair maintains its upward trading near multi-year highs, supported by the ongoing monetary policy gap between the Federal Reserve and the Bank of Japan. However, overbought signals are appearing on shorter timeframes. The MACD indicator remains positive but shows a clear slowdown in the upward momentum. General Trend: Upward with a Correction Tendency Support: 154.10 – 153.40 Resistance: 155.60 – 156.20 Expectation: A break above 155.60 could open the way towards 156.20, while a break below 154.10 could push the pair into a deeper correction towards 153.40.

- A look at last week report dated Jan 30, 2026.