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EUR/USD Chart on the hourtly time frame

The pair continues to move within a clear descending channel on the hourly timeframe, with limited recovery attempts from the recent low near 1.1630. The price is currently trading below the upper channel boundary, reflecting weak upward momentum and continued selling pressure.

The MACD indicator remains in negative territory and shows a decline in downward momentum, but has not yet given a confirmed reversal signal.

Overall trend: Corrective bearish
Support: 1.1630 – 1.1600
Resistance: 1.1685 – 1.1710

Expectation: Holding below 1.1710 maintains the bearish outlook, while a break above this level could push the pair towards 1.1760 for an upward correction.
 

USDJPY chart on the hourly time frame The pair continues its upward trend, supported by the monetary policy gap between the Federal Reserve and the Bank of Japan. However, clear overbought signals are appearing on the short-term timeframe. Any downward correction is likely to be technically limited unless the key support level is broken. Overall Trend: Upward Support: 158.60 – 157.90 Resistance: 159.80 – 160.50 Expectation: Continued trading above 157.90 supports targeting new highs, while a break below this level could open the door to a deeper correction.

- A look at yesterday report dated Jan 13, 2026.