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Jan 26, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pound continues its strong upward momentum after breaking through key resistance levels and is trading near the upper boundary of the ascending channel. This recent movement reflects clear buying dominance, despite some short-term signs of consolidation.
The MACD indicator is in positive territory with strong momentum, suggesting the bullish trend remains intact.

Overall trend: Bullish
Support: 1.3490 – 1.3430
Resistance: 1.3680 – 1.3720

Expectation: Continued trading above 1.3490 maintains the positive outlook, while a failure to hold could trigger a correction towards 1.3430.
 

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair continues its upward movement within a clear bullish structure after breaking out of the previous descending channel and is currently trading near new highs, holding above the breached resistance levels. This behavior reflects improved buying momentum supported by relative dollar weakness.
The MACD indicator remains in positive territory, with bullish momentum returning after a limited correction.

Overall trend: Bullish
Support: 1.1760 – 1.1700
Resistance: 1.1870 – 1.1920

Expectation: Holding above 1.1760 supports continued upward movement towards new resistances, while breaking this level could open the door for a deeper correction towards 1.1700.
 

 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

The pair has entered a downward correction phase after a prolonged upward trend and is trading below previous highs with clear signs of slowing momentum.

General Trend: Medium-term bullish / Short-term corrective bearish
Support: 153.20 – 151.90
Resistance: 155.60 – 157.00

Expectation: Holding above 153.20 could pave the way for stabilization and then a rebound attempt, while breaking below it reinforces the scenario of a deeper correction.
 

 

- A look at last week report dated Jan 23, 2026.

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