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Dec 11, 2024

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The GBP/USD price is back to test the 1.2735 levels, which requires attention from upcoming trades, as the price needs to stabilize above this level for the bullish trend scenario to remain valid and effective in the coming period, noting that our expected target is at 1.2866.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.27613
1.27519
1.27460
1.27363
1.27268
1.27208
1.27112
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

EUR/USD price shows new negative trading to approach the 1.0475 level, waiting to break this level to confirm the extension of the downward wave towards 1.0400 as the next negative target.

Which will remain in place unless the 1.0563 level is breached and stabilized above it.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.05155
1.05107
1.05077
1.05023
1.04976
1.04943
1.04891
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