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Aug 12, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

Overall Trend: Uptrend continues but momentum is slowing.

Support: Around 1.3420.

Resistance: Prior high around 1.3470.

MACD: Positive but weakening.

Outlook: As long as 1.3420 holds, further upside is possible. A break above resistance could reinvigorate the trend.
 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

Overall Trend: Bullish within an ascending channel.

Support: Near the lower trendline ~1.1600.

Resistance: Upper channel boundary around 1.1690.

MACD: Still negative but converging toward a possible bullish crossover.

Outlook: A potential bounce from support is likely if the pair holds above 1.1600. Breaking resistance could trigger further upside.

 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

Overall Trend: Inside a descending triangle pattern.

Resistance: ~148.3 (upper triangle trendline).

Support: ~147.1 (lower triangle trendline).

MACD: Strongly bullish.

Outlook: Bullish breakout likely if 148.3 is breached; otherwise, more range-bound movement.
 

 

- A look at yesterday's report dated August 11, 2025.

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