GBPUSD Forex Analysis for Today, Friday (07-06-2024)

GBPUSD Forex Analysis for Today, Friday (07-06-2024)

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.


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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