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Nov 07, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

General Trend: Downward within a descending price channel.

Indicators: 

  • The MACD indicator is currently positive but is starting to lose upward momentum.
  • The price touched the upper limit of the descending channel but failed to break through it.
  • Trading is currently around 1.3117, below strong resistance.

Reasons: 

  • Continued strength of the US dollar, supported by positive US data.
  • Absence of new UK catalysts to support the pound.
  • Selling pressure at technical resistance levels.

Expectation: 

  • A break below 1.3100 could push the price towards 1.3050 – 1.3000.
  • Conversely, a bounce above 1.3160 ​​could lead to a limited correction towards 1.3230.
     


 

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

General Trend: Downward within a descending price channel.

Indicators:

  •  The MACD indicator is still in positive territory, but momentum is starting to wane.
  • The price is facing strong resistance at the upper channel limit at 1.1550.

Reasons:

  • Weak demand for the euro due to slowing European inflation indicators.
  • The Federal Reserve continues to be expected to maintain a tight monetary policy.

Expectation:

  • A break below 1.1510 could lead to a decline to 1.1470-1.1440.
  • A sustained break above 1.1560 could open the way towards 1.1620 as the next resistance level.


 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

Overall Trend: Strong bullish within an ascending channel.

Indicators:

  • MACD is positive and supports continued upward momentum.
  • Price is holding above the 50-period moving average.

Reasons:

  • Continued weakness of the Japanese yen due to the Bank of Japan's accommodative monetary policy.
  • Rising US Treasury yields support the dollar.

Expectation:

  • Holding above 153.00 reinforces the bullish trend towards 154.20 – 154.80.
  • Break below 152.60 could signal the start of a correction towards 151.90.

 
 

- A look at yesterday report dated Nov 6, 2025.

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