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May 01, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

🔸 Current outlook:
 The pound is holding steady after mild declines, with little market-moving data in early May.

🔹 Expected levels:

  • Holding above 1.3300 may support a gradual move toward 1.3370 and 1.3420.
  • A drop below 1.3280 could lead to a slide toward 1.3220.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.33485
1.33379
1.33316
1.33211
1.33105
1.33044
1.32939

EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

🔸 Current outlook:
 The euro continues sideways movement, with markets in wait-and-see mode ahead of upcoming economic data.

🔹 Expected levels:

  • Stability above 1.1300 could allow a push toward 1.1370 and 1.1420.
  • A break below 1.1280 may trigger further pressure toward 1.1230.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.13414
1.13332
1.13278
1.13203
1.13125
1.13072
1.12992

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