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May 02, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

Current Scenario:

The pound is trading sideways after early-week losses, with no major catalysts from UK data.

Outlook:

Holding above 1.3270 could support a move toward 1.3350. A break below 1.3250 may expose the pair to 1.3190.

Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.33082
1.33014
1.32978
1.32914
1.32845
1.32804
1.32739

EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

Current Scenario:

The euro remains under pressure as concerns persist over the Eurozone's economic growth.

Outlook:

Staying above 1.1300 may trigger a limited rise toward 1.1380. Falling below that level could lead to a move toward 1.1250.

Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.13482
1.13406
1.13358
1.13277
1.13200
1.13157
1.13077

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