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Feb 17, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The GBP/USD continues to stabilize at the 1.2605 level after touching the expected target, supported by positive momentum that enhances the chances of continuing the bullish trend during the upcoming sessions, unless the nearby support levels are broken.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.26053
1.25998
1.25963
1.25908
1.25850
1.25817
1.25764
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The EUR/USD price continues to move upwards to test the 1.0500 level, supported by an ascending channel that reinforces the current corrective wave. The chart shows the features of a double bottom pattern, which may support the continuation of the positive trend during the upcoming period unless the nearby support levels are broken.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.04908
1.04854
1.04823
1.04769
1.04715
1.04682
1.04629
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