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Jan 02, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is holding above the rising support near 1.3430 after a technical bounce from the recent low, benefiting from a relative lull in dollar strength.

The MACD indicator remains in negative territory but shows a slowdown in downward momentum, suggesting a potential consolidation before a new move.
A return above 1.3500 would strengthen the bullish outlook, while a break below support could open the door for further correction.

Overall trend: Neutral
Support: 1.3430 – 1.3380
Resistance: 1.3500 – 1.3540

Expectation: Holding above support supports the recovery scenario, while a break below it maintains the negative pressure.
 

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair is attempting to recover from support levels near 1.1715 after a downward correction and is currently trading near 1.1740 with short-term momentum beginning to improve.

The MACD indicator is showing signs of a positive reversal from negative territory, reflecting a decrease in selling pressure, but the overall trend remains within a corrective range.

A clear break above 1.1770 could push the price towards 1.1800, while failure to hold above support could reinstate downward pressure.

Overall trend: Neutral with a slight upward bias
Support: 1.1720 – 1.1685
Resistance: 1.1770 – 1.1800

Expectation: A break above resistance strengthens the recovery scenario, while a break below support would revive the short-term downtrend.
 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

The pair continues to trade at historically high levels, supported by the persistent US-Japan yield gap.
The bullish momentum remains intact, but signs of relative overbought conditions are emerging, which could trigger limited corrective pullbacks before the trend resumes.

Overall Trend: Bullish
Support: 155.80 – 155.10
Resistance: 157.50 – 158.20

Expectation: Holding above 155.80 maintains the positive outlook.
 

 

- A look at yesterday report dated Dec 31, 2025.

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