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GBP/USD chart on the hourly time frame

The GBP/USD price traded with noticeable positivity in the past sessions to test the 1.2300 level, to move within a minor ascending channel, and therefore, the price needs to break 1.2185 to activate the negative scenario and then resume the main bearish trend whose next target is at 1.2045.

From here, we continue to favor the bearish trend for the coming period unless the price rushes to break the 1.2300 level and stabilizes with a daily closing above it.

EUR/USD chart on the hourly time frame

The EUR/USD price tested the 1.0325 level and rebounded downwards from there, so the bearish trend scenario remains valid and effective for the upcoming period, waiting for a test of the 1.0220 level initially, reminding that we need to break this level to confirm the rush towards 1.0100 as a next negative station.

On the other hand, it should be noted that breaking 1.0325 will lead the price to recover and make an upward correction, the targets of which begin by visiting the 1.0455 level.