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May 07, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The GBP/USD pair is trading at 1.3346, appearing to be attempting to regain upward momentum after a period of sideways trading. If it succeeds in breaking above the 1.3375 area, it could continue its upward movement towards 1.3420 and then 1.3470. Conversely, a return to decline below 1.3310 could pave the way for the 1.3270 and possibly 1.3225 levels.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.33484
1.33423
1.33379
1.33315
1.33257
1.33213
1.33149
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

It has recorded a slight recovery to reach 1.1361, maintaining a relatively positive momentum. If the pair can stabilize above this level, we could see a gradual move towards 1.1420 and then 1.1455. However, if it fails to maintain momentum, it could gradually decline to 1.1325 and then 1.1280.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.13700
1.13642
1.13611
1.13556
1.13500
1.13463
1.13409
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