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Apr 10, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The British pound posted modest gains, supported by improving UK economic data and a weaker US dollar. If positive sentiment continues, the pair may head toward 1.2920. However, renewed selling pressure could push it down to 1.2810.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.28883
1.28815
1.28771
1.28701
1.28621
1.28579
1.28511
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The euro remains relatively stable, backed by growing confidence in the Eurozone’s economic outlook. Should US data disappoint or the Fed signal a dovish tone, the euro could rise to 1.1090. Conversely, stronger US data might pull it down to 1.0990.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.10654
1.10537
1.10460
1.10336
1.10222
1.10143
1.10026
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