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Jan 17, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The GBP/USD price is fluctuating at 1.21722, and the price needs to break this level to activate the negative trend and then head towards the next negative target of the bearish wave at 1.2045.

Note that breaking 1.2300 will push the price to recover and head towards testing the 1.2485 levels before any new attempt to decline.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.22377
1.22171
1.22043
1.21837
1.21622
1.21497
1.21291
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The EUR/USD price continues to fluctuate within a narrow range, noting that the Stochastic indicator is losing its positive momentum significantly, waiting to motivate the price to resume the expected downward trend for the coming period, whose targets begin with breaking 1.0220 to open the way towards heading towards 1.0100.

We remind you that breaking 1.0325 will stop the negative scenario to push the price towards starting an upward correction in the short term.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.02980
1.02928
1.02894
1.02843
1.02792
1.02758
1.02706
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