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May 29, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

The pair is trading sideways after reaching the 1.3440 target yesterday, showing signs of temporary stability while awaiting cues from U.S. growth data.

  • Resistance Levels: 1.3480 – 1.3515 – 1.3560
  • Support Levels: 1.3410 – 1.3375 – 1.3340

Forecast: Continued sideways movement with limited upside correction expected unless negative economic data emerges.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.3560
1.3515
1.3480
1.34388
1.3410
1.3375
1.3340
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The pair successfully hit all its downside targets yesterday (1.1285 – 1.1250 – 1.1215) and now shows weakening momentum with the possibility of a short-term rebound.

  • Resistance Levels: 1.1280 – 1.1320 – 1.1355
  • Support Levels: 1.1220 – 1.1185 – 1.1150

Forecast: Slight bearish bias unless 1.1280 is broken with a confirmed close.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.1355
1.1320
1.1280
1.12496
1.1220
1.1185
1.1150

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