Oct 05, 2026 / By Shereen Rami / in Technical Analysis
The GBP/USD chart on the hourly time frame:
GBP/USD trades near 1.3212 with a cautiously bearish bias, as price remains below the moving averages and positive MACD momentum is fading.
● Trend: Cautiously bearish
● Support: 1.3200 – 1.3180
● Resistance: 1.3275 – 1.3310
Technical Outlook: Holding below 1.3200 could increase downside pressure, while a break above 1.3275 may support a rebound toward 1.3310.
EUR/USD chart on the hourly time frame:
EUR/USD trades near 1.1194 in a clear bearish trend, with selling pressure persisting as price remains below recent support levels. MACD also points to continued negative momentum.
● Trend: Bearish
● Support: 1.1200 – 1.1180
● Resistance: 1.1250 – 1.1275
Technical Outlook: A break below 1.1200 could extend losses toward 1.1180, while a move above 1.1250 may support a limited recovery.
USDJPY chart on the hourly time frame:
USD/JPY trades near 157.74 with a cautiously bullish bias, as price holds above the moving averages while MACD momentum shows a modest improvement.
● Trend: Cautiously bullish
● Support: 157.20 – 156.70
● Resistance: 158.30 – 159.00
Technical Outlook: Holding above 157.20 supports further gains toward 158.30, while a break below 156.70 could revive selling pressure.
Oct 26, 2026 by Shereen Rami
Oct 26, 2026 by Shereen Rami
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