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Oct 16, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair trades around 1.3416 after a strong recovery from the 1.3270 support zone.
 On the H1 chart, the price is testing the upper boundary of the major descending trendline — a key resistance area.

  • The short- and medium-term moving averages remain in a bullish crossover, reflecting ongoing upward momentum.
  • The MACD is still in positive territory but showing slowing momentum — suggesting possible short-term correction.
  • The RSI is likely nearing overbought levels.


 Outlook

  • As long as the pair stays below 1.3450–1.3470, a correction toward 1.3360 and 1.3300 remains likely.
  • A confirmed breakout above 1.3470 could open the door for gains toward 1.3520.

 

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The euro trades around 1.1657 after a strong rebound from 1.1500.
 The pair is currently testing a key descending trendline, which could determine the next major move.

  • Recent candles show slowing bullish momentum.
  • The MACD remains positive, supporting a short-term bullish bias.
  • The moving averages are bullish but may flatten if the pair fails to break resistance.


Outlook

  • A clear break above 1.1670 could drive the pair toward 1.1720–1.1760.
  • Failure to break higher could trigger a pullback to 1.1600 or 1.1540.




 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

The pair trades at 151.11, consolidating after an extended rally.
 It remains near the historical resistance area around 151.60.

  • The MACD shows fading bullish momentum.
  • RSI is likely overbought, hinting at correction risk.
  • Moving averages still point up, but the gap from price is overstretched.


 Outlook

  • A correction toward 150.40–149.80 looks likely before another rally attempt.
  • A decisive break above 151.60 could send the pair toward 152.50.


 
 

- A look at yesterday report dated October 15, 2025.

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