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Jul 23, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

  • Trend: Bullish
  • Current situation: The price is above a resistance area that has turned into support (at approximately 1.3470).
  • MACD: Positive and supports continued momentum.
  • Expectation: Target the 1.3540-1.3570 area, with current momentum remaining.
  • Cancel: A break of 1.3470 would send the price back down.

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

  • Trend: Bullish
  • Current situation: The price rebounded from horizontal support (red) at approximately 1.1725 after breaking previous resistance and is holding above it.
  • MACD: Remains positive but shows slight bearish signals.
  • Expectation: Continued upward movement as long as it holds above 1.1720. The next target is near 1.1760-1.1780.
  • Cancel: A break of 1.1720 to the downside would restore a neutral or bearish outlook.
     
USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

  • Trend: Bearish
  • Current situation: The price is at horizontal support (approximately 147.00) and within a descending channel.
  • MACD: Negative.
  • Expectation: The price will continue to decline towards 146.20 and then 145.80 as long as 147.60 is not breached to the upside.
  • A break of 147.60 would invalidate the bearish scenario.
 

- A look at Friday report on July 22, 2025.

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