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Jul 29, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

Current trend: Strongly bearish

Indicators:

  • The price is testing important support near 1.3340.
  • MACD: At a bearish peak, which may indicate an imminent correction.

Expectation:

  • A temporary upward rebound is possible, but a break of the support opens the way towards 1.3300.
  • Observation point: The 1.3340 support is very important; price action should be monitored there.
     

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

Current trend: Bearish

Indicators:

  • The price has broken strong support and is heading towards the lower boundary of the ascending channel.
  • MACD: Clearly negative, selling momentum is strong.

Expectation:

  • A slight upward rebound from the 1.1575 support (the downtrend) is expected, but if it is broken, a further decline is likely.
  • Observation point: Monitor the 1.1575 level as a key support level.
USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

Current Trend: Upward, but facing resistance.

Indicators:

  • The price is at the upper boundary of the descending channel.
  • MACD: Positive but starting to weaken.

Expectation:

  • We may witness a temporary downward correction from the 148.60 area.
  • Watch Point: 148.60 is a strong resistance area.
     
 

- A look at Friday report on July 28, 2025.

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