Oct 07, 2026 / By Shereen Rami / in Technical Analysis
The GBP/USD chart on the hourly time frame:
The pair is moving in a cautiously bullish sideways trend, trading near 1.3247 while holding above its moving averages. The MACD shows improving positive momentum, although it has eased slightly in recent sessions.
Trend: Sideways with a bullish bias
Support: 1.3205 – 1.3180
Resistance: 1.3290 – 1.3320
Technical Outlook:
Holding above 1.3205 could support gains toward 1.3290 and 1.3320, while a break below 1.3205 may renew selling pressure toward 1.3180.
EUR/USD chart on the hourly time frame:
The pair is moving in a cautiously bearish trend, trading near 1.1225 as bullish momentum weakens. Moving averages remain bearish, while the MACD is losing some positive momentum, supporting a cautious outlook.
Trend: Cautiously bearish
Support: 1.1200 – 1.1180
Resistance: 1.1250 – 1.1280
Technical Outlook:
A break below 1.1200 could renew selling pressure toward 1.1180, while a break above 1.1250 may support a recovery toward 1.1280.
USDJPY chart on the hourly time frame:
The pair is moving in a cautiously bullish trend, trading near 158.38 while remaining above its moving averages. The MACD shows improving positive momentum, supporting further upside potential.
Trend: Cautiously bullish
Support: 158.30 – 157.90
Resistance: 158.60 – 159.00
Technical Outlook:
A break above 158.60 could push the pair toward 159.00, while a break below 158.30 may weaken bullish momentum toward 157.90.
Oct 26, 2026 by Shereen Rami
Oct 26, 2026 by Shereen Rami
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