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Jul 21, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

  • It is also still within a descending channel.
  • It rebounded from support near 1.3350 but failed to break 1.3485.
  • MACD is losing positive momentum.
  • Expectation: A retest of 1.3350 is expected, and any break will target 1.3300. Continuation below the downtrend favors selling.

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

  • The price is within a clear descending channel.
  • It rebounded from support at 1.1580 and is now attempting to retest the moving averages.
  • MACD is positive, but momentum is starting to weaken.
  • Expectation: In the near term, we may see a retest of 1.1650 before any further decline. A break above the channel could change the trend.
     
USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

  • The price is moving in an ascending channel but is facing strong resistance at 149.00.
  • Consolidation around 148.50.
  • The MACD is negative and momentum is weak.
  • Expectation: We may see some decline towards 147.60 to support the trend, followed by a possible resurgence provided it holds above 147.00.
 

- A look at Friday report on July 18, 2025.

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