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Apr 11, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The British pound climbed steadily, supported by continued weakness in the US dollar and upbeat UK labor market data. If the positive sentiment holds, the pair could move toward 1.3115. A loss of momentum, however, might lead it down to 1.2990.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.31128
1.30896
1.30756
1.30529
1.30306
1.30167
1.29940
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The euro gained ground amid a softer dollar and improving economic confidence across the Eurozone, along with steady bond yields. If this trend continues, we might see a move toward 1.1410, while renewed dollar strength could pull it back to 1.1315.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.14240
1.13911
1.13728
1.13384
1.13077
1.12865
1.12536
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