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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, having failed to hold above the dynamic resistance levels and returning to trade near the lower boundary of the channel. Moving averages are still exerting downward pressure on the price, while the MACD indicator indicates continued negative momentum with clear weakness in the attempts to rebound.

General Trend: Downward
Support: 1.1600 – 1.1565
Resistance: 1.1670 – 1.1720
Expectation: A break below the 1.1600 support level could reinforce the decline towards 1.1565, while a return above 1.1670 could open the way for a limited upward correction within the channel.
 

USDJPY chart on the hourly time frame The pair is still trading near historically high levels, but with a clear decline in upward momentum. The price has entered a narrow range, reflecting a temporary equilibrium, while the MACD is showing signs of gradual weakening buying power. General Trend: Weak Upward (Consolidation Phase) Support: 157.20 – 156.40 Resistance: 158.90 – 160.00 Expectation: A break above 158.90 could push towards 160.00, while a break below 157.20 would signal the start of a deeper correction.

- A look at yesterday report dated Jan 15, 2026.