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Jan 21, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is consolidating after a temporary failure to sustain gains above the descending channel resistance, while remaining above key support levels. The MACD remains positive but has started to lose momentum, reflecting a balance between buyers and sellers.

Overall Trend: Neutral with a bullish bias
 Support: 1.3400 – 1.3360
 Resistance: 1.3470 – 1.3500
 

Outlook: Holding above 1.3400 keeps the bullish scenario intact, while a break lower could lead to a deeper correction toward 1.3360.

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair continues to trade near the upper boundary of the descending channel following a strong rebound from recent lows, supported by a calmer U.S. dollar and improved risk appetite. Short-term moving averages remain supportive, while the MACD stays in positive territory but shows signs of slowing momentum.

Overall Trend: Neutral with a bullish bias
 Support: 1.1680 – 1.1640
 Resistance: 1.1750 – 1.1785

 Outlook: A clear break above 1.1750 could open the door for a test of higher highs, while failure to hold above 1.1680 may trigger a corrective move toward 1.1640.

 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

The pair continues to move within a strong uptrend, supported by the ongoing divergence in monetary policy. Momentum remains positive, though prices are trading near elevated levels, which may lead to limited short-term corrections.

Overall Trend: Bullish
 Support: 157.40 – 156.80
 Resistance: 158.90 – 159.60

 Outlook: As long as prices remain above 157.40, the bullish trend is expected to persist, while a break below could trigger temporary profit-taking.

 

- A look at yesterday report dated Jan 20, 2026.

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