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Feb 07, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The GBP/USD price made an attempt to break the 1.2415 level yesterday but managed to close the daily candle above it, to consolidate above this level and keep the positive scenario active, waiting for a positive incentive that contributes to pushing the price towards 1.2605 as the next main target.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.24848
1.24739
1.24677
1.24573
1.24463
1.24402
1.24296
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The EUR/USD price shows an upward trend after the decline it witnessed yesterday, which supports the chances of resuming the expected upward trend for the coming period, which targets testing the 1.0455 level, noting that breaching it will push the price towards 1.0600 as the next main target.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.04090
1.04035
1.04001
1.03943
1.03889
1.03855
1.03799
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