Oct 20, 2026 / By Shereen Rami / in Technical Analysis
The GBP/USD chart on the hourly time frame:
The pair is trading near 1.3333 following a strong bullish rebound, holding above the moving averages despite weakening positive momentum on the MACD.
● Trend: Short-term bullish.
● Support: 1.3308, followed by 1.3273.
● Resistance: 1.3343, followed by 1.3370.
Technical Outlook: A break above 1.3343 could extend gains toward 1.3370, while a move below 1.3308 may trigger a correction toward 1.3273.
USD chart on the hourly time frame :
The pair is trading near 1.1231 after recovering from its recent low, with bullish momentum showing signs of improvement as price approaches a key resistance zone.
● Trend: Short-term corrective bullish.
● Support: 1.1208, followed by 1.1159.
● Resistance: 1.1240, followed by 1.1257.
Technical Outlook: A break above 1.1240 could open the way toward 1.1257, while a decline below 1.1208 may renew selling pressure toward 1.1159.
USDJPY chart on the hourly time frame:
The pair is trading near 158.14 after a sharp pullback from recent highs, with bullish momentum fading on the MACD, suggesting scope for further short-term correction.
● Trend: Sideways with a bearish bias.
● Support: 157.93, followed by 157.72.
● Resistance: 158.36, followed by 158.58.
Technical Outlook: A break below 157.93 could expose 157.72, while a recovery above 158.36 may support a rebound.
Oct 26, 2026 by Shereen Rami
Oct 26, 2026 by Shereen Rami
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