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Apr 22, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The British pound maintains a positive tone, supported by improved market sentiment and fading dollar pressure. Holding above 1.3340 keeps the short-term bias in favor of buyers.

🔺 Upside projection: The pair may move toward 1.3425, with potential extension toward 1.3480 in the near term.
🔻 If momentum weakens: It could revisit 1.3310, followed by 1.3265 as key areas to watch.

Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.34132
1.34016
1.33944
1.33831
1.33714
1.33644
1.33531

EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The euro remains in a gradual upward trend, benefiting from dollar softness and expectations surrounding U.S. monetary policy. Sustained movement above 1.1480 favors a continuation higher.

🔺 Bullish outlook: Price may head toward 1.1545, and possibly reach 1.1580.
🔻 If downward pressure emerges: A decline toward 1.1440, then 1.1405, would be on the table.

Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.15253
1.15160
1.15094
1.14997
1.14894
1.14834
1.14735

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