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May 16, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The British pound is relatively stable after recent declines. Market volatility may increase ahead of upcoming UK GDP and inflation data. Holding above 1.3300 could open the way toward 1.3360 in the short term, while slipping below 1.3270 may renew downside pressure.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.33403
1.33342
1.33308
1.33254
1.33193
1.33157
1.33096
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The euro is attempting to regain strength after a weak start to May. Stability above 1.1220 could encourage a move toward 1.1275, while fading momentum might bring the price back toward 1.1170.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.12258
1.12211
1.12181
1.12131
1.12084
1.12054
1.12008
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