British Pound to US Dollar (GBP/USD) Forex Analysis for Today
GBP/USD Potential for SELL: Testing Resistance
Daily Analysis GBP/USD
Market Awaits US Inflation Reading
The dollar remains stable ahead of the announcement of inflation data, which could serve as an indication of when the Fed might implement an interest rate cut.
Pullback Restrained by Resistance
Prices are observed pulling back to the resistance area and the previously breached trendline. As long as the price does not move back above the trendline, selling opportunities can still be sought.
Prediction: WEAK GBP/USD
Resistance
- R1 1.27111
- R2 1.26536
- R3 1.27293
- R4 1.27641
Support
- S1 1.26536
- S2 1.27111
- S3 1.26386
- S4 1.26157
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