As we predicted yesterday, a break of 1.3560 would push the price to 1.3625, and the target has indeed been reached.
The pair has witnessed a strong upward movement and surpassed previous resistance, and is currently trading near important resistance levels at 1.3640.
Technical indicators are showing overbought conditions, suggesting a possible correction.
Expectation: The pair is likely to decline towards the 1.3580–1.3550 area before resuming the potential upward trend.
Expected trend: Upward in the short term, provided it holds above 1.3520.
EUR/USD Chart on the hourtly time frame
The price is moving within an ascending channel, facing strong resistance at 1.1635.
Indicators indicate a strong upward trend, with a possible slight correction.
Expectation: We may witness a slight decline towards 1.1580–1.1550, with the overall trend remaining bullish.
Expected trend: Bullish as long as prices stabilize above 1.1500.
USD/JPY chart on the hourly time frame
General trend: Upwardly biased
Support: 144.30 then 143.50
Resistance: 145.60 then 146.20
Expectation: The pair faces strong resistance at 145.60, and if a breakout fails, it may retest 144.30. A break above 145.60 opens the way for further upside.
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