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Jul 01, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

Current trend: Upward but slowing

Indicators: The price is at strong resistance near 1.3750, and the MACD shows a decline in positive momentum.

Expectation: A possible downward correction towards 1.3650, followed by a resumption of upward movement.

Support and resistance levels:

  • Support: 1.3650
  • Resistance: 1.3750

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

Yesterday, we mentioned the continued rise towards 1.1750 and then 1.1785, and the targets have indeed been achieve

Current Trend: Strong Upward

Indicators: The price has broken the resistance at 1.1610 and is trading near the ceiling of the ascending channel,

with clear positive momentum on the MACD.

Expectation: Continuation of the rise towards 1.1820 provided it holds above 1.1740.

Support and Resistance Levels:

  • Support: 1.1740
  • Resistance: 1.1820
USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

Current Trend: Bearish

Indicators: MACD is negative, momentum is weak, and the price is below the 144.20 resistance level.

Expectation: Continued decline towards 143.20 unless 144.20 is breached.

Support and Resistance Levels:

  • Support: 143.20
  • Resistance: 144.20
 

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