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Feb 03, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The GBP/USD price has been showing tight range trading since the morning, stabilizing below the 1.2300 barrier, thus, there is no change to the expected bearish scenario for today, which depends on stability below the 1.2360 level, reminding you that our main expected target reaches 1.2100.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.23332
1.23207
1.23136
1.23007
1.22885
1.22814
1.22689
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

EUR/USD has been fluctuating around 1.0230 since this morning, waiting to break this level to confirm the extension of the bearish wave during the upcoming sessions and pave the way to head towards 1.0100, which represents our next negative target.

Continuing the bearish wave today requires stability below 1.0260, as breaking it represents the key to rushing to test the 1.0235 levels initially before any new attempt to decline.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.02659
1.02546
1.02478
1.02369
1.02260
1.02192
1.02079
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