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Jun 13, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

As we anticipated yesterday, a clear breakout from the triangle pattern gave a near-term target at 1.3620, provided the price held above the breakout level — and indeed, the target was achieved.

  • The pair bounced from the upper boundary of the wide channel near 1.3625.
  • Currently trading around 1.3530 with visible bearish momentum.
  • The MACD confirms the weakening bullish momentum and supports continued correction.

 Expected Scenario:

  • A close below 1.3500 may lead to targets around 1.3470 followed by 1.3430.
  • Alternatively, a bounce from this zone with improving momentum may retest the 1.3600 level.

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

As mentioned yesterday, the bullish bias was to remain while above 1.1480, targeting 1.1545 — and those targets have been achieved.

  • Price strongly rebounded from the rising trendline after clearly breaking above the 1.1500 level.
  • Now undergoing a corrective pullback after reaching levels near 1.1625.
  • MACD is starting to decline, supporting the idea of a short-term correction.

 Expected Scenario:

  • As long as price holds above 1.1490, the bullish trend remains intact.
  • A stabilization above 1.1530 could lead to renewed upside attempts toward 1.1600 and 1.1630.
  • A break below 1.1490 could open the way toward 1.1420.

 
USTEC chart on the hourly time frame

USD/JPY chart on the hourly time frame

As expected yesterday, staying below 144.40 kept bearish pressure intact, targeting 143.20 and 142.70 — and price reached near 142.70.
Current Setup:

  • A short-term ascending trendline has been broken.
  • MACD shows weakening bullish momentum.
  • Price is currently testing horizontal support at 156.45.

 Conclusion

  • A break and hold below 156.45 could lead to further decline toward 155.70.
  • If the level holds, some short-term technical rebound may occur.
     

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