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Jul 18, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

General trend: Bearish within a descending channel.


Current situation: A rebound from support and a clear upward trend supported by a positive MACD.


Expectation:

  • Continued upward trend towards the resistance level of 1.3490.
  • Monitoring price action there: A break of resistance = the beginning of an upward correction.

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

General trend: Bearish within a descending price channel.


Current situation: A rebound from the lower support level of the channel, with nearby resistance around 1.1650 (in blue).


Expectation:

  • As long as the price remains below 1.1650, we expect the downside to continue.
  • A break of 1.1650 to the upside could open the way to 1.1700.
     
USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

General trend: Upward.


Current Situation: Horizontal correction after a strong rise, stable upward support.


Expectation:

  • As long as it is above 147.00, the uptrend will continue.
  • Possible target: 149.30 and then 150.00.
  • Breaking 147.00 = Possible Deeper Correction.
 

- A look at yesterday report on July 17, 2025.

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