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Feb 20, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is trading near 1.3445 within a medium-term descending channel, following a strong downward move that pushed the price below 1.3500. Momentum remains negative, and the MACD indicator is moving below the zero line, indicating a slowdown in the pace of the decline.

A break above 1.3520 could open the way for an upward correction towards 1.3590, while a break below 1.3400 would accelerate the decline towards 1.3340.

Overall trend: Bearish
Support: 1.3400 – 1.3340
Resistance: 1.3520 – 1.3590

Expectation: The bearish trend remains intact with the possibility of a limited correction.
 

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair continues to trade within a clear descending channel on the hourly timeframe and is currently moving near the 1.1750 level after breaking a key support zone. Moving averages are exerting downward pressure on the price, while the MACD indicator is in negative territory, indicating continued bearish momentum.

Any return above 1.1820 could give the pair a corrective bounce towards 1.1865, while a break below 1.1720 would reinforce the target of 1.1680.

Overall trend: Bearish
Support: 1.1720 – 1.1680
Resistance: 1.1820 – 1.1865

Expectation: Continued downward pressure unless 1.1820 is breached.
 

 

USDJPY chart on the hourly time frame

USD/JPY Chart on the hourtly time frame

The pair is trading near higher levels, supported by the yield spread, with the price holding above 154.80. Momentum remains positive, but at a slower pace.

A break above 156.00 could push towards 157.20, while a break below 154.00 opens the door for a correction towards 152.80.

Overall Trend: Upward
Support: 154.00 – 152.80
Resistance: 156.00 – 157.20

Expectation: The upward trend will continue as long as the price remains above 154.00.
 

 

- A look at yesterday report dated Feb 19, 2026.

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