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Jun 24, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

Yesterday's targets at 1.3470 and 1.3525 have been achieved.

  • Overall trend: Neutral within a descending channel.
  • The price rebounded from clear support at 1.3400 and is now facing resistance at the upper boundary of the descending channel at 1.3560.
  • The MACD is currently positive, indicating a possible continuation of the rebound.

Expectation: A break of 1.3560 could push the price to 1.3625, while a failure to break could put pressure back towards 1.3470 and then 1.3400.
EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The first target we mentioned in yesterday's report at 1.1550 has been achieved. 

  • General Trend: Neutral, Bullish
  • The pair is stable within a symmetrical triangle, with a clear rebound from the sloping support at 1.1445 and an upward move towards the upper boundary of the triangle at 1.1620.
  • The MACD indicator is positive, reinforcing the continued upward momentum.

Expectation: A break above 1.1620 could open the way for further gains towards 1.1680, while a break above 1.1445 could trigger a resumption of the decline.
USD/JPY chart on the hourly time frame

USD/JPY chart on the hourly time frame

Yesterday, we mentioned that 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. Indeed, yesterday's positive scenario was achieved, and today, with the start of trading, the negative scenario was achieved. 

  • General Trend: Upward-sloping
  • The pair is moving between the support range of 144.80 and the resistance of 146.80, attempting to remain above the moving averages.
  • The MACD is slightly positive and tends to consolidate.

Expectation: A break of 146.80 will push the pair towards 147.60, while a break of 144.80 could open the door to a decline to 143.70.

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