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May 30, 2025

GBP/USD chart on the hourly time frame

GBP/USD chart on the hourly time frame

After hitting 1.3480 yesterday, the pair shows some slowdown, awaiting key US data. A limited range is expected short term.

Resistance Levels:
 1.3515 – 1.3550 – 1.3585
 Support Levels:
 1.3440 – 1.3410 – 1.3375

Outlook:
 Sideways movement with slight downside correction unless 1.3550 is broken clearly.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.3585
1.3550
1.3515
1.34720
1.3440
1.3410
1.3375
EUR/USD chart on the hourly time frame

EUR/USD chart on the hourly time frame

The pair achieved all its technical targets yesterday and is now stabilizing. A retest of resistance is possible if 1.1320 holds.

Resistance Levels:
 1.1370 – 1.1400 – 1.1430
 Support Levels:
 1.1320 – 1.1280 – 1.1245

Outlook:
 Bullish continuation possible as long as 1.1320 holds.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
1.1430
1.1400
1.1370
1.13490
1.1320
1.1280
1.1245

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