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Jul 22, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

  • A slight breakout of the resistance level of ~1.3485 but failure to hold above it.
  • MACD is starting to turn red, indicating weak momentum.
  • Expectation: A potential downward correction towards the support level of ~1.3450, and a possible reversal if the resistance level fails to hold above it.

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

  • The uptrend continues within a descending channel, with consolidation above the 20- and 50-day moving averages.
  • MACD is positive and showing upward momentum.
  • Expectation: A possible test of the resistance level of ~1.1700, followed by an assessment of the situation to return within the channel.
     
USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

  • Strongly rebounded from support at ~147.15.
  • MACD has begun to improve after reaching its bottom.
  • Expectation: A gradual rise towards ~148.00–148.20, with a retest of the channel support expected to rise later.
 

- A look at Friday report on July 21, 2025.

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