FXEM - EMPIRE MARKETS - Company New Article

To access the website's classic version and the new accounts, please click here

May 14, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The British pound saw a slight recovery in today's trading, following sideways movements during previous sessions. The current movement reflects a cautious mood in the market amid the absence of significant UK data. As long as the price remains above the 1.3280 area, positive momentum is likely to continue in the short term, with targets near 1.3360 and then 1.3400. A return below 1.3250 would be a sign of weakening momentum.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.33515
1.33394
1.33318
1.33198
1.33066
1.32997
1.32877
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The euro continues to trade within a narrow range, with a clear decline in momentum due to the divergence in growth expectations between Europe and the United States. The current consolidation around 1.1200 opens the door to an attempt to target 1.1250, while a clear break below 1.1170 could signal a resumption of the downtrend. Markets are awaiting statements from the European Central Bank that could set new trends.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.12401
1.12264
1.12180
1.12045
1.11906
1.11829
1.11693
Previous Post
Technical analysis of some commodities
Next Post
Technical analysis of some commodities
Back

One Trading Account | 50+ Forex Pairs | 80+ Trading Instruments
Multi-Asset Trading Platforms

Open Live Account
Cookie Policy
This website uses cookies to ensure you get the best experience on our website. We use cookies for proper website navigation and function and for statistical and analytical purposes. You can select the cookie categories that you would like to manage through the Cookies Settings at any time. Please configure your Cookies Settings before proceeding. To learn more, please read our Cookies Policy
Settings
Reject
Accept all