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Oct 23, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

Current Trend: Bearish within a correction channel.
Moving averages show selling pressure.
MACD is in the negative zone but flattening, hinting at a possible short-term rebound.

  •  Support: 1.3310 – 1.3270
  •  Resistance: 1.3390 – 1.3450


 Outlook:
 Likely to correct higher toward 1.3390 before resuming downward movement.
 Reason: Ongoing economic slowdown in the UK keeps the pound under pressure, while the USD gains from solid U.S. employment data.

 


 

EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

Current Trend: Mild bearish correction.
Moving averages are slightly bearish, price remains below the short-term average.
MACD is negative but starting to contract, suggesting a possible short-term pullback.

  •  Support: 1.1580 – 1.1560
  •  Resistance: 1.1640 – 1.1700


 Outlook:
 A short-term bullish correction toward 1.1640 is likely, followed by a potential continuation lower if resistance holds.
 Reason: Temporary USD weakness due to dovish Fed expectations, but euro buying momentum remains weak.



 

USDJPY chart on the hourly time frame

USDJPY chart on the hourly time frame

Current Trend: Strong uptrend.
Moving averages confirm bullish momentum.
MACD positive and widening, showing solid buying pressure.

  •  Support: 151.80 – 151.20
  •  Resistance: 152.80 – 153.50
  •  

 Outlook:
 Likely to continue higher toward 153.00–153.50 as long as it holds above 151.80.
 Reason: Diverging monetary policies (Fed tightening vs. BoJ easing) support USD strength.
 

 

 

- A look at yesterday report dated October 22, 2025.

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