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Jun 03, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

After achieving yesterday's targets at 1.3515 - 1.3550, we note a slowdown in the upward momentum with the price stabilizing near the daily high. Stability above 1.3500 may allow for an attempt to extend the upward trend, but overbought conditions may lead to a temporary decline.

Levels to Watch:

  • Possible Rise Towards: 1.3555 - 1.3580 - 1.3615
  • Possible Decline to: 1.3495 - 1.3470 - 1.3435
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.3615
1.3580
1.3555
1.35205
1.3495
1.3470
1.3435

EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

Yesterday, the EUR achieved three upside targets, and today it is holding above 1.1400, supporting continued momentum. However, approaching the 1.1450 area may temporarily slow the rise pending a new catalyst.

Levels to Watch:

  • Possible Upside Towards: 1.1445 - 1.1475 - 1.1510
  • Possible Downside to: 1.1395 - 1.1370 - 1.1340
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.1510
1.1475
1.1445
1.14215
1.1395
1.1370
1.1340

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