Currency Technical Analysis | October 12, 2026

Technical analysis of some currency pairs:

Technical Analysis Report (October 12, 2026):

The GBP/USD chart on the hourly time frame:

The pair is showing a short-term bullish trend near 1.32460, trading above its moving averages as the MACD reflects improving positive momentum.

●    Trend: Short-term bullish.
●    Support: 1.3218 – 1.3198.
●    Resistance: 1.3257 – 1.3277.

Technical outlook: Holding above 1.3218 may support further gains toward 1.3257, with a breakout potentially opening the way toward 1.3277.



EUR/USD chart on the hourly time frame:

The pair is trading sideways with a bearish bias near 1.12079, while attempting a limited recovery. The MACD indicates improving short-term bullish momentum.

●    Trend: Sideways with a bearish bias.
●    Support: 1.1195 – 1.1170.
●    Resistance: 1.1232 – 1.1270.

Technical outlook: Holding above 1.1195 may support a recovery toward 1.1232, while a break below support could revive selling pressure.



USDJPY chart on the hourly time frame:

The pair is trading sideways near 158.26, fluctuating around its moving averages, while the MACD remains close to neutral territory.
●    Trend: Sideways with a bullish bias.
●    Support: 157.94 – 157.50.
●    Resistance: 158.30 – 158.50.

Technical outlook: A break above 158.30 may lead toward 158.50, while a move below 157.94 could increase the risk of a decline toward 157.50.