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May 05, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The British pound shows relative stability amid cautious market sentiment. Continued trading above 1.3270 could allow for a limited upward move toward 1.3350. However, a renewed decline might lead the pair closer to the 1.3220 area.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.33075
1.32988
1.32934
1.32845
1.32759
1.32706
1.32618
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The euro remains range-bound as traders await upcoming eurozone inflation data. If stability continues, a move toward 1.1380 is possible, but negative surprises could push the pair back toward 1.1270 in the near term.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.13458
1.13385
1.13344
1.13271
1.13196
1.13156
1.13085
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