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Jan 20, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is showing a gradual recovery from the recent low and is trading near the upper boundary of the descending channel, supported by improved bullish momentum. The MACD indicator is in positive territory, but the approach to the channel resistance may limit further gains without a clear breakout.
Overall trend: Neutral with a slight bullish bias
Support: 1.3370 – 1.3320
Resistance: 1.3450 – 1.3500
Expectation: A break above 1.3450 opens the way for a test of 1.3500, while price rejection could push the pair back towards 1.3370.
 

 

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair continues to rebound from support levels within the descending channel and is currently trading near the upper channel boundary with a relative improvement in risk appetite and a decline in dollar momentum. Short-term moving averages are trending upward, while the MACD indicator remains positive but shows a slowdown in momentum.
Overall trend: Neutral with a slight upward bias
Support: 1.1620 – 1.1580
Resistance: 1.1670 – 1.1700
Expectation: Holding above 1.1620 supports a potential break above 1.1670, while failure could see the pair retest 1.1580.
 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

The pair maintains its upward trading within a clear uptrend, supported by the ongoing gap in monetary policy. Momentum remains positive, but prices are approaching relatively overbought territory.
General Trend: Upward
Support: 157.20 – 156.40
Resistance: 158.60 – 159.30
Expectation: Holding above 157.20 maintains the bullish outlook, while a break below it could lead to a limited correction.
 
 

- A look at yesterday report dated Jan 19, 2026.

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