FXEM - EMPIRE MARKETS - Company New Article

To access the website's classic version and the new accounts, please click here

Feb 06, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is showing a technical bounce from the bottom of the descending channel and is currently trading near 1.3610 after a clear wave of selling pressure. The current move represents a corrective recovery attempt, while the price remains below the pivotal resistance at 1.3700. The MACD indicator shows a gradual improvement in momentum as the negative gap narrows.

Overall trend: Bearish with an upward correction
Support: 1.3530 – 1.3470
Resistance: 1.3700 – 1.3760

Expectation: A break above 1.3700 would reinforce the continuation of the recovery towards 1.3760, while a failure could bring renewed pressure towards 1.3500.
 

 

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair is moving in a narrow sideways range above the 1.1780 support level, with limited rebound attempts after a previous downward move. The price is trading below the 1.1830 resistance, which represents the ceiling of the current movement. The MACD indicator is approaching positive territory, suggesting a weakening of negative momentum without confirming a clear bullish reversal.

Overall trend: Neutral with a slight upward bias
Support: 1.1780 – 1.1750
Resistance: 1.1830 – 1.1870

Expectation: Holding above 1.1780 supports a corrective upward attempt, while a break below support would bring back selling pressure.
 

 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

The pair continues to trade near its recent highs, supported by the yield spread and continued dollar strength. Momentum remains positive despite a slight slowdown.

Overall Trend: Bullish
Support: 156.20 – 155.60
Resistance: 157.50 – 158.20

Expectation: Continued trading above 156.00 keeps the bullish scenario intact, and any correction is limited unless 155.60 is broken.
 
 

- A look at yesterday report dated Feb 5, 2026.

To open Live account click here 

Previous Post
Commodity Technical Analysis
Next Post
Technical Analysis of Commodities
Back

One Trading Account | 50+ Forex Pairs | 80+ Trading Instruments
Multi-Asset Trading Platforms

Open Live Account
Cookie Policy
This website uses cookies to ensure you get the best experience on our website. We use cookies for proper website navigation and function and for statistical and analytical purposes. You can select the cookie categories that you would like to manage through the Cookies Settings at any time. Please configure your Cookies Settings before proceeding. To learn more, please read our Cookies Policy
Settings
Reject
Accept all