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May 23, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The British pound remains range-bound with slight fluctuations as investors await fresh UK economic data. If stability above 1.3420 holds, a move toward 1.3480 and potentially 1.3520 is likely in the short term. A break below 1.3400, however, could lead the pair toward 1.3360.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.34610
1.34569
1.34544
1.34508
1.34468
1.34445
1.34406
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The euro shows modest weakness as the dollar steadies and markets await ECB commentary. The 1.1290 area remains a key pivot; holding above it could lead to a test of 1.1350 and then 1.1390. A break below 1.1270 would shift the focus back to the downside.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.13289
1.13238
1.13207
1.13156
1.13106
1.13076
1.13026
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