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Apr 29, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

🔸 Current Situation:
The British pound maintains positive momentum after surpassing the 1.34 level, supported by improved global risk appetite.

🔹 Forecast:
Stabilization above 1.3380 enhances the chances of an upward move toward 1.3470, while any decline below 1.3360 could push the price toward a retest of 1.3300.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.34325
1.34258
1.34218
1.34156
1.34089
1.34049
1.33987
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

🔸 Current Situation:
The euro is showing some recovery with relative stability in European economic data and a slight improvement in sentiment.

🔹 Forecast:
Stabilization above 1.1370 could push towards 1.1440, while a break below 1.1345 could re-establish pressure towards 1.1290.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.14189
1.14086
1.14019
1.13920
1.13814
1.13753
1.13651
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