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Nov 28, 2024

The GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The GBP/USD price continued to rise yesterday to approach the 1.2700 barrier, reinforcing expectations of the bullish trend continuing to dominate the intraday, awaiting testing the 1.2730 and then 1.2770 levels as the next main targets.
While breaking 1.2635 will stop the bullish wave and put the price under negative pressure, its targets begin with testing the first pivotal support at 1.2566.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.26718
1.26694
1.26679
1.26657
1.26633
1.26616
1.26596
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

EUR/USD succeeded in touching our expected target at 1.0563, and we notice that the price closed the daily candle above this level, which supports the chances of extending the bullish corrective wave to achieve additional gains reaching 1.0634 as a next main station.
Therefore, we expect to witness positive trading during the upcoming sessions, taking into account that failure to consolidate above 1.0563 will pressure the price to decline and test the 1.0475 areas before determining the fate of the next trend more clearly.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.05613
1.05582
1.05559
1.05524
1.05495
1.05472
1.05442
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