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Feb 06, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The GBP/USD has stabilized above the 1.2500 barrier, reinforcing expectations of a continuation of the bullish corrective trend, with a chance to test the 1.2605 level after its decline from 1.3434 to 1.2100. However, a break of the 1.2415 level may reverse the positive scenario and put pressure on the price to resume the bearish trend.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.24876
1.24747
1.24669
1.24547
1.24421
1.24341
1.24217
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

EUR/USD price retreated after approaching the expected target at 1.0455, approaching a retest of the breached level at 1.0380. The stochastic indicator shows signs of gradually declining negative momentum, which supports expectations of resuming positive trading in the upcoming sessions.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.03923
1.03832
1.03764
1.03673
1.03582
1.03521
1.03430
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