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EUR/USD Chart on the hourtly time frame

The pair is moving within a descending channel on the hourly timeframe, with a clear bounce from the recent low near 1.1640, benefiting from a temporary weakening of the dollar ahead of the US inflation data.

The price is currently trading near the middle of the descending channel, while the MACD indicator is in positive territory, indicating a slowdown in upward momentum.

A clear break above 1.1690 could open the way for a test of the upper channel boundary near 1.1730, while a failure to hold above support could bring back selling pressure.

Overall trend: Neutral with a slight upward bias
Support: 1.1650 – 1.1620
Resistance: 1.1690 – 1.1730

Expectation: A break above resistance would reinforce the upward correction, while a break below 1.1650 could revert the downward trend.
 

USDJPY chart on the hourly time frame The pair is trading near its highs, supported by the US-Japan yield gap. Despite some sideways consolidation, the overall trend remains bullish. The MACD indicator is in positive territory but with signs of overbought conditions. Overall Trend: Cautiously bullish Support: 158.10 – 157.50 Resistance: 159.20 – 160.00 Expectation: Holding above 158.10 supports a target of 159.20, while a break below support could lead to a limited correction.

- A look at yesterday report dated Jan 12, 2026.