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May 12, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pound is under moderate selling pressure after a period of stability, influenced by a stronger US dollar and a decline in risk appetite. If the current trend continues, the price could head towards the 1.3120 area, while any stability above 1.3200 could open the door for a limited rebound attempt towards 1.3260 this week.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.32139
1.32070
1.32027
1.31960
1.31891
1.31851
1.31777
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The euro continues to decline amid weak European data and growing expectations that the US Federal Reserve will maintain a tight monetary policy. The price is now below 1.1120 for the first time in weeks, and if the pressure persists, we could see a move towards 1.1060. A renewed market stability above 1.1150 could temporarily mitigate the decline.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.11527
1.11417
1.11353
1.11252
1.11145
1.11081
1.10974
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