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Jul 10, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

Current situation: The pair has shown a strong rebound from the 1.3555 support level, with a positive divergence forming on the MACD.


Indicators: Momentum is positive in the short term, with a tendency to break the minor resistance at 1.3605.


Expectation:

  • If the current momentum is maintained, the 1.3640–1.3670 levels are likely to be targeted.
  • A break of the support at 1.3555 would negate the bullish scenario and suggest a continuation of the decline.

 

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

Current situation: The price is moving in a downward direction within a clear price channel, facing strong resistance at 1.1725 (blue line).


Indicators: Momentum remains weak, and the MACD is negative, but it is showing the beginning of a weak bullish crossover.


Forecast:

  • As long as the price remains below 1.1725, the downtrend is dominant, and we may see a new test of the 1.1680 area.
  • If the 1.1725 resistance is broken and the price holds above it, a temporary recovery may begin toward 1.1760.
USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

Current Situation: The pair is consolidating above an important support area at 146.00, and the uptrend appears to be still in control.


Indicators: Positive momentum continues, and the MACD indicator shows bullish stability.


Expectation:

  • As long as the price remains above 146.00, the uptrend will continue, with targets near 147.00 and then 147.60.
  • A break of 146.00 could lead the price to correct towards 145.40.
 

- A look at yesterday's report on July 9, 2025.

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