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Jul 16, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

General Trend: Strongly bearish with successive support levels broken.


Current Movement: The pair rebounded from a lower sloping support line and retested.


Technical Indicators: The MACD remains in the negative zone and is not showing strong reversal signals yet.


Expectation: A stable position below 1.3430 will support a continued decline towards 1.3350, while a return above 1.3460 could signal a temporary recovery.

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

General Trend: Bearish.


Current Movement: The pair broke previous support and touched a new low, then began a slight rebound.


Technical Indicators: The MACD remains in the negative zone, but the beginnings of a potential bullish crossover are emerging.


Expectation: We may witness a limited rebound towards 1.1650–1.1665, but as long as the price remains below 1.1700, the trend remains negative.

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

General Trend: Upward.


Current Situation: The price is approaching a previous high at 149.00, with strong positive momentum.


Technical indicators: MACD supports the upside, and the moving averages are bullish.


Expectation: If the 149.00 level is broken, we may see an extension towards 149.80 – 150.20. A decline below 148.30 may indicate a temporary correction.
 

- A look at yesterday report on July 15, 2025.

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