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Jun 02, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is holding above 1.3480, with a slight improvement in technical momentum. Markets are awaiting influential US data this week.
  • Resistances: 1.3515 – 1.3550 – 1.3590
  • Supports: 1.3460 – 1.3425 – 1.3390
Expectation: Continuation of the sideways movement with an upward bias unless 1.3460 is broken with a clear close.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.3590
1.3550
1.3515
1.34896
1.3460
1.3425
1.3390
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The pair is trading near its weekly highs, showing signs of slowing technical momentum despite holding above the pivot point.
  • Resistances: 1.1390 ​​– 1.1415 – 1.1440
  • Supports: 1.1335 – 1.1310 – 1.1280
Forecast:
The pair is showing a weak upward bias. Stabilization above 1.13636 could push it to test 1.1390, but failure to hold could re-establish pressure towards 1.1335.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.1440
1.1415
1.1390
1.13636
1.1335
1.1310
1.1280

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