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Jul 09, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

Current situation: The price is moving in a narrow range between the support level of 1.3555 and the resistance level of 1.3620, and there is a descending triangle pattern in the short term.


MACD indicator: Negative with weak momentum, reflecting the weakness of the current trend.


Expectation: A break of 1.3555 will push the price to 1.3510 as the first target.

 

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

Current situation: The pair rebounded from the resistance level of 1.1725 and failed to break it several times.


MACD indicator: Remains in the negative zone, reinforcing the bearish momentum.


Expectation: Continued trading below 1.1720 maintains the selling pressure. If the support level of 1.1680 is broken, we may see a move towards 1.1645.

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

Technical situation: The price is trading at new highs within an ascending channel.


MACD: Positive but indicates potential overbought conditions.


Expectation: Continued upward movement toward 147.60 and then 148.10, provided it holds above 146.40. Any limited correction could face support at 146.40.
 

- A look at yesterday's report on July 8, 2025.

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