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EUR/USD Chart on the hourtly time frame

The pair is moving within a medium-term ascending channel, but is currently experiencing a limited downward correction after failing to stabilize above recent highs. This coincides with renewed market caution and a relative improvement in the dollar's performance.
The MACD indicator has moved into negative territory, reflecting a decline in short-term bullish momentum. However, the overall trend remains supportive as long as the price holds above the channel's support.

Overall trend: Neutral with a corrective bearish bias
Support: 1.1860 – 1.1780
Resistance: 1.1970 – 1.2050

Expectation: A break below support would reinforce the correction scenario towards 1.1780, while a return to stability above 1.1970 could gradually restore upward momentum.
 

USDJPY chart on the hourly time frame The pair continues to trade near higher levels, supported by the widening gap in monetary policy, despite increasing warnings of potential intervention to support the yen. Momentum remains positive, but sensitivity to any official news is very high. General Trend: Cautiously bullish Support: 152.40 – 151.60 Resistance: 154.80 – 156.00

- A look at yesterday report dated Jan 29, 2026.