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Feb 24, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is moving sideways with a bearish bias after losing upward momentum, currently trading near 1.3490 inside a descending channel. The MACD is showing weakening positive momentum, reinforcing the corrective pullback scenario.

A break below 1.3450 may push the pair toward 1.3400, while a move above 1.3530 could re-open the path to 1.3580.

Overall Trend: Neutral to Bearish
 Support: 1.3450 – 1.3400
 Resistance: 1.3530 – 1.3580

 Outlook: Remaining below 1.3530 favors continued downside pressure.

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair is facing renewed selling pressure after failing to hold above 1.1825, currently trading near 1.1780 within the prevailing descending channel. The pullback comes as the U.S. dollar regains relative strength. The MACD has turned negative again, signaling fading bullish momentum.

A break below 1.1760 could open the way toward 1.1720, while a recovery above 1.1825 may trigger a move toward 1.1850.

Overall Trend: Bearish
Support: 1.1760 – 1.1720
Resistance: 1.1825 – 1.1850
Outlook: Staying below 1.1825 keeps downside pressure intact.

 

USDJPY chart on the hourly time frame

USD/JPY Chart on the hourtly time frame

The pair remains near elevated levels, supported by yield differentials between the U.S. and Japan. Trading above 155.00 keeps the bullish tone intact, though proximity to psychological resistance may increase volatility.

A break above 155.70 may open the way toward 156.50, while a drop below 154.30 could trigger a corrective move toward 153.50.

Overall Trend: Bullish
 Support: 154.30 – 153.50
 Resistance: 155.70 – 156.50

 Outlook: Staying above 154.30 maintains the positive bias.

 

- A look at yesterday report dated Feb 23 2026.

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