FXEM - EMPIRE MARKETS - Company New Article

To access the website's classic version and the new accounts, please click here

Oct 21, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair trades near 1.3386, following a corrective decline from last week’s highs.
The chart shows a short-term bearish bias while the price remains above the main ascending trendline.


The MACD indicator is in the negative zone, signaling weak bullish momentum and a potential continuation of the correction.
 
Short- and medium-term moving averages are also turning lower, reinforcing the short-term bearish pressure.

Support: 1.3340 – 1.3280
Resistance: 1.3450 – 1.3490

  • Technical Reason: Selling pressure driven by fading momentum and renewed USD strength.
  • Outlook: Sideways to mildly bearish trading expected unless the 1.3450 resistance is broken decisively.

 

 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

The euro trades around 1.1632, rebounding earlier from support at 1.1560.


The price moves within a short-term ascending channel but faces resistance from the descending trendline near 1.1720.


The MACD remains in negative territory, indicating fading strength in the recent upward correction.

Support: 1.1600 – 1.1560
Resistance: 1.1670 – 1.1720

  • Technical Reason: Limited movement as market forces balance between a strong dollar and profit-taking on the greenback.
  • Outlook: Sideways with a slight bearish bias unless 1.1670 is broken with strong momentum.



 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

The pair trades at 151.32, near monthly highs.


The overall trend remains bullish, supported by the wide interest rate gap between the U.S. and Japan.


The MACD is in the positive zone but shows signs of overbought conditions on short-term charts.

Support: 150.80 – 150.20
Resistance: 151.70 – 152.10

  • Technical Reason: Ongoing dollar strength backed by Federal Reserve policy versus the Bank of Japan’s dovish stance.
  • Outlook: Bullish trend likely to continue unless 150.80 support is broken.
     

 
 

- A look at yesterday report dated October 20, 2025.

To open Live account click here 

Previous Post
Technical analysis of commodities
Next Post
Technical analysis of commodities
Back

One Trading Account | 50+ Forex Pairs | 80+ Trading Instruments
Multi-Asset Trading Platforms

Open Live Account
Cookie Policy
This website uses cookies to ensure you get the best experience on our website. We use cookies for proper website navigation and function and for statistical and analytical purposes. You can select the cookie categories that you would like to manage through the Cookies Settings at any time. Please configure your Cookies Settings before proceeding. To learn more, please read our Cookies Policy
Settings
Reject
Accept all