GBPUSD Forex Analysis for Today, Friday (07-06-2024)
BUY Opportunity in GBPUSD: Potential Symmetrical Triangle
Analysis of GBPUSD
Market Awaits US NFP Data
Yesterday’s US jobless claims data showed a decline. Today, the market awaits the announcement of the US non-farm payrolls data.
Potential Symmetrical Triangle
A potential symmetrical triangle pattern is visible on the H1 time frame. Buying opportunities can be taken if the symmetrical triangle pattern is confirmed and followed by a breakout above the resistance area.
Forecast: STRONG GBPUSD
Resistance Levels
- R1 1.28192
- R2 1.27351
- R3 1.28394
- R4 1.28633
Support Levels
- S1 1.27351
- S2 1.28192
- S3 1.27142
- S4 1.26865
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