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Aug 06, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

  • The pair broke the descending channel but faces resistance around 1.3325.
  • The uptrend may continue if the breakout is confirmed.
  • The MACD is in the positive zone but is oversold.
  • Confirmation of a breakout of 1.3325 opens the way for a target of 1.3390.
     

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

  • The pair broke the descending trend line and tested a resistance area near 1.1612.
  • The price is currently consolidating, and if the resistance is breached, we may see a continued upward trend.
  • The MACD indicator is positive, supporting the short-term uptrend.
  • Monitor a breakout of 1.1612 to confirm a continued upward trend.


 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

  • The pair rebounded from ascending support but failed to break through resistance at 147.94.
  • The sideways trend is currently dominant between 147 and 147.94.
  • MACD is neutral and bullish.
  • A break or penetration of this range will determine the next move.
 

- A look at yesterday's report dated August 5, 2025.

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