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May 09, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pound experienced a slight decline this morning, influenced by a moderate wave of strength in the US dollar. The price is moving in a narrow range, and is expected to target the 1.3220 level if selling pressure continues, while any attempt to stabilize above 1.3300 could restore some positive momentum during the session.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.32858
1.32751
1.32690
1.32581
1.32472
1.32404
1.32297
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The euro is trading under pressure following weak European manufacturing data. Continued trading below 1.1280 maintains a bearish short-term outlook, and we may see a test of the 1.1220 level if the downtrend continues.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.12707
1.12623
1.12571
1.12492
1.12410
1.12356
1.12277
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