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Aug 04, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

Current trend: Recovery after a strong decline.

Description: The price rebounded from strong support and made an upward correction, but is facing resistance at 1.3380.

Today's forecast:
🔸 If the resistance is broken, it may target 1.3440.
🔸 If it is rejected, it may return to 1.3230.

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

Current trend: Short-term bullish.

Description: The price broke strong horizontal resistance and climbed strongly from a clear support area, and is now testing the upper boundary of the descending channel.

Today's forecast:
🔸 Continued upward movement is possible if the descending channel is broken.
🔸 If the break fails, we expect a corrective decline towards 1.1520.


 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

Current Trend: Downward Correction within an Uptrend.


Description: The price has retreated strongly from the 150.9 resistance but is holding above an uptrend.


Today's Forecast:
🔸 A rebound from current support (147.5) is possible if it holds above the trend.
🔸 A break of the uptrend opens the way for a decline towards 146.30.
 

 

- A look at last week's report dated August 1, 2025.

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