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Apr 30, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

🔸 Outlook:
 The pound is showing a moderate upward trend, supported by improved market sentiment and easing political tensions in the UK.

🔸 Expected Levels:

  • If upward momentum continues, the pair may move toward 1.3420 then 1.3480.
  • A drop below 1.3350 could lead to a corrective pullback toward 1.3300 and possibly 1.3245.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.33980
1.33886
1.33826
1.33727
1.33633
1.33572
1.33475

EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

🔸 Outlook:
 The euro is trading within a narrow range, with traders awaiting key inflation data from the eurozone.

🔸 Expected Levels:

  • A move above 1.1390 may push prices toward 1.1440 then 1.1495.
  • Falling below 1.1340 could expose the pair to 1.1290 and later 1.1250.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.13962
1.13874
1.13821
1.13731
1.13643
1.13589
1.13500

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