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Jan 27, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The GBP/USD price continued to rise to breach the 1.2440 level and stabilize above it, which opens the way for further bullish correction and heading to visit the 1.2609 areas in the near term.

Therefore, the bullish bias will be likely during the upcoming sessions, taking into account that breaking 1.2415 will stop the bullish wave and return the price to the main bearish channel again.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.24649
1.24543
1.24475
1.24378
1.24278
1.24217
1.24111
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The EUR/USD price ended last Friday's trading above the 1.0455 level, confirming the continuation of the bullish corrective trend and heading towards visiting the 1.0600 areas as a next positive station.

Therefore, we expect to witness more rise during the upcoming sessions, noting that breaking 1.0455 will stop the bullish wave and pressure the price to try to return to the main bearish path again.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.05110
1.04984
1.04900
1.04772
1.04638
1.04563
1.04427
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