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Oct 10, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

  • MACD indicator: The indicator is entering negative territory, indicating that the downward momentum continues.
  • Horizontal lines: Key support is seen at 1.3314, while resistance is at 1.3400.
  • General technical analysis: The chart indicates a sharp decline in price with a break of the lower trend line. This indicates short-term selling pressure. If the price fails to rebound from the support at 1.3314, it is likely to continue falling.

Forecast:

  • A downtrend is most likely if the support at 1.3314 is broken.
  • Downside target: It may reach 1.3200 or lower.
     

 

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

  • MACD indicator: A negative crossover is evident on the indicator, with values ​​heading into the red zone. This indicates a weakening uptrend, reinforcing the short-term bearish sentiment.
  • Horizontal lines: The blue line represents a strong support level near 1.1576, while resistance is located at 1.1670 (the red level).
  • General technical analysis: The price is attempting a correction after breaking the lower trend line. If it fails to maintain support at 1.1576, the likelihood of further declines towards 1.1500 is high.

Forecast:

  • A bearish trend is likely if the 1.1576 support level is broken.
  • Downside target: 1.1500 may be reached if the downside pressure continues.





 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

  • MACD indicator: The trend is bullish, as the indicator is in the positive zone and reflects strong upward momentum.
  • Horizontal lines: Support at 151.50, resistance at 153.00.
  • General Technical Analysis: The uptrend in the pair continues, and the MACD indicator shows strong momentum, increasing the likelihood of continued upward movement. If the 153.00 resistance level is breached, the trend could extend towards 154.00.

Forecast:

  • Expected trend: Potentially bullish as long as the price remains above the 151.50 support level.
  • Upward Target: If the 153.00 resistance level is broken, the price could reach 154.00.


 
 

- A look at yesterday's report dated October 9, 2025.

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