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Jul 03, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

Yesterday's potential forecast of 1.3660 - 1.3620 has been met.

The pair broke the ascending trend line and the horizontal support at 1.3660, indicating the beginning of a

bearish wave. The MACD indicator is sharply negative, confirming the bearish momentum.

Trend: Short-term bearish

Support: 1.3580 then 1.3510

Resistance: 1.3660 - 1.3720

Expectation: Further decline provided it holds below 1.3660

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The price failed to break the strong resistance at 1.1820 and began a clear decline. The MACD indicator shows continued bearish momentum, with weak buying beginning.

Trend: Short-term bearish unless 1.1820 is breached

Current support: 1.1710 then 1.1600

Resistance: 1.1820 (strong) then 1.1855

Expectation: Continuation of the downward correction towards 1.1710 provided that there is no return above 1.1820

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

Current Trend: Neutral to Upward

The pair is trading in a narrow sideways range, supported by the dollar's strength against a basket of other currencies, but gains are limited by weak bond yields.

Expectation: Limited upside towards 144.30 and then 144.90, provided it holds above 143.30.

Support: 143.30 – 142.75

Resistance: 144.30 – 144.90

 

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