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Aug 07, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

Trend: Corrective bullish within a larger downward channel.

Note: Price is testing the descending trendline near 1.3370.

MACD: Positive.

Possible Scenario: Either a breakout for further upside, or a rejection leading to a drop back towards 1.3300.
 

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

Trend: Bullish.

Note: Price has broken out of a small ascending channel to the upside and is approaching a sloping resistance around 1.1720.

MACD: Positive, supporting upward movement.

Possible Scenario: Continuation towards 1.1720. Watch for price action near resistance.

 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

Trend: Sideways with a slight bearish tilt.

Note: Price is fluctuating between 146.50 and 147.90, respecting an ascending support line.

MACD: Negative.

Possible Scenario: As long as price holds above ascending support, a bounce is possible. A break below 146.50 could trigger further decline.
 

- A look at yesterday's report dated August 6, 2025.

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