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EUR/USD Chart on the hourtly time frame

The pair continues to move within a corrective range after a strong rally from the recent low, currently trading near key technical resistance levels. The price remains above the moving averages, supporting a positive short-term outlook, but the slowing upward momentum is evident from the declining MACD bars.

Any stability above the nearest support level could allow for a renewed attempt to test the recent high, while a break below support would reinforce the bearish correction scenario.

Overall Trend: Neutral with a slight upward bias
Support: 1.1660 – 1.1600
Resistance: 1.1740 – 1.1780

Expectation: Holding above 1.1660 maintains the bullish outlook, while a break below it could push the pair to retest 1.1600.
 

USDJPY chart on the hourly time frame The pair is trading at historically high levels, with the upward trend continuing, supported by the strength of the dollar and the US-Japan yield gap. Despite this, clear overbought signs are emerging, with momentum beginning to wane on the MACD indicator. Any downward break could be merely corrective as long as the price remains above the key support level. Overall Trend: Upward with a Correction Tendency Support: 157.80 – 156.90 Resistance: 159.20 – 160.00 Expectation: A limited correction is possible, while holding above 157.80 keeps the uptrend intact.

- A look at yesterday report dated Jan 21, 2026.