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Jul 25, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

  • General trend: Upward within a channel.
  • Recent action: The price is testing the lower boundary of the channel + a strong horizontal support area around 1.3490.
  • MACD: Clearly declining momentum.
  • Expectation: If the support is clearly broken, a decline towards 1.3430 is possible. If the support is respected, a rebound towards 1.3550 is possible.

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

  • General trend: Upward within a rising channel.
  • Recent action: The price broke minor support near 1.1750 and is trading below it.
  • MACD: Bearish with declining positive momentum.
  • Expectation: If the price fails to return above 1.1750, it may target the next support near 1.1715 and then 1.1670.
     
USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

  • General trend: Bearish within a descending channel.
  • Recent move: Bounce from the bottom, testing the descending channel resistance.
  • MACD: Strong positive momentum.
  • Expectation: If the resistance at 147.20 is broken, it may target 147.70 and then 148.20. Failure could send the price back to 146.50.
 

- A look at Friday report on July 24, 2025.

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