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GBP/USD chart on the hourly time frame

At the end of trading, we mentioned in our report that a decline was expected to reach the 1.3460 and then 1.3410 levels, and the targets were indeed achieved.

• General trend: Bearish within a price channel.
• Strong support: 1.3390 (double bottom).
• Resistance: 1.3470 and then 1.3525.
• MACD indicator: Negative but showing weak selling momentum.

Expectation: If the 1.3390 support holds, we may see an upward correction towards 1.3470, but a break of the support confirms the continuation of the downtrend.

USD/JPY chart on the hourly time frame

Our targets have been achieved at the 146.20 – 146.50 levels.

• General trend: Bullish in the short term, with a recent slowdown in momentum.
• Nearest support: 146.30 then 145.60 (previous low and uptrend support).
• Resistance: 147.30 then 148.10.
• MACD indicator: Positive but losing momentum, which may indicate a short correction.

Expectation: As long as the price is above 146.30, the uptrend is likely, with a possible test of 147.30. A break of 146.30 could lead to a decline towards 145.60.