GBPUSD foreign exchange analysis for today, Thursday(25-04-2024)

GBPUSD foreign exchange analysis for today, Thursday(25-04-2024)

Check Opportunity to BUY GBPUSD! Potential Breakout of Resistance

Daily GBPUSD Analysis

Interest Rate Cut by BoE May Be Postponed

The Chief Economist of the Bank of England, Huw Pill, stated yesterday that the future prospects of UK monetary policy are unlikely to change. UK PMI data underscores the strength of economic activity in the UK.

Potential Continuation of Strengthening

Prices are moving to test the resistance area. Buying opportunities can be sought if there is a breakthrough above that resistance area.

Prediction: STRONG GBPUSD

Resistance

  • R1 1.24993
  • R2 1.24006
  • R3 1.25240
  • R4 1.25739

Support

  • S1 1.24006
  • S2 1.24993
  • S3 1.23740
  • S4 1.23107
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