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Jan 08, 2026

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is undergoing a downward correction after failing to stabilize above its recent highs, with trading returning to near the lower boundary of the ascending channel. The MACD indicator shows a decline in positive momentum and a gradual shift towards negativity, increasing the likelihood of a continued correction.

Overall trend: Neutral with a slight bearish bias
Support: 1.3450 – 1.3420
Resistance: 1.3520 – 1.3560

Expectation: Holding above 1.3420 could allow for a rebound attempt, while a break below this level could open the door for further declines.
 

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The pair continues to move near support levels after recent failed recovery attempts, with selling pressure still present within the descending channel. The MACD indicator is moving in negative territory with weak momentum, reflecting a lack of sufficient buying power at present. Any rebound remains corrective unless the key resistance levels are broken.

Overall trend: Neutral with a slight bearish bias
Support: 1.1680 – 1.1650
Resistance: 1.1745 – 1.1765

Expectation: A break below support could bring renewed pressure towards 1.1650, while a break above 1.1765 could support a limited recovery.
 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

The pair maintains its upward trend, supported by continued dollar strength, trading near multi-year highs. Despite the strength of the trend, signs of relative overbought conditions are emerging, which could trigger a limited correction in the short term.

General Trend: Upward
Support: 156.00 – 155.40
Resistance: 157.30 – 158.00

Expectation: Holding above 156.00 supports continued upward movement, while a break below this level could lead to a limited technical correction.
 

 

- A look at yesterday report dated Jan 7, 2026.

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