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Jan 20, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The GBP/USD price confirmed breaking and stabilizing below the 1.2200 barrier, to support the continuation of the expected downward trend in the immediate and short term, which targets the 1.2100 and then 1.2045 levels as the next main stations.

Reminder of the importance of stability below 1.2300 to achieve the proposed targets.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.22316
1.22196
1.22124
1.22005
1.21887
1.21814
1.21698
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The EUR/USD price did not show any strong movement in the past sessions, to continue to fluctuate, but let us continue to favor the downward trend for the coming period, waiting for the 1.0220 level to be tested initially, reminding that breaking it will push the price towards 1.0100 as a next negative station.

We note that breaking 1.0325 will stop the expected decline and push the price to start an upward correction with its first target at 1.0455.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.03263
1.03214
1.03186
1.03134
1.03086
1.03059
1.03007
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