GBPUSD Forex Analysis for Today, Friday (06-09-2024)
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GBPUSD Still Has BUY Potential, Monitor ChOCh Area
GBPUSD Analysis
The US Dollar is under pressure, approaching its weekly lows ahead of the US non-farm payrolls (NFP) announcement. Its precursor, the ADP non-farm payrolls, showed a decrease compared to the previous month.
Trendline Break + ChOCh
The breakout above the down trendline seen on the H1 timeframe has shifted the intraday bias to bullish for GBPUSD. A buy signal confirmation can be sought if a correction occurs to the ChOCh area.
Prediction: STRONG GBPUSD
Resistance Levels
- R1: 1.31138
- R2: 1.31923
- R3: 1.32308
- R4: 1.32710
Support Levels
- S1: 1.30600
- S2: 1.30800
- S3: 1.31000
- S4: 1.31200
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