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Apr 08, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The British pound remains relatively stable above 1.27, supported by moderately positive UK economic data and a slight retreat in dollar strength. However, any dovish signals from the Bank of England regarding rate cuts could weigh on the currency.


Outlook: Sideways to slightly bullish in the short term as long as it holds above 1.2720.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.27991
1.27910
1.27861
1.27776
1.27687
1.27635
1.27547
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The euro is trading calmly above 1.09, with markets awaiting upcoming eurozone inflation data. While the strong dollar continues to apply pressure, holding above 1.0950 keeps the door open for a potential move toward 1.10.


Outlook: Stable, with limited upside potential.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.09879
1.09799
1.09745
1.09662
1.09578
1.09528
1.09441
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