GBPUSD Forex Analysis for Today, Friday (14-06-2024)

GBPUSD Forex Analysis for Today, Friday (14-06-2024)

GBPUSD Forex Analysis for Today, Friday (14-06-2024)

GBPUSD Could SELL If Support Breaks Again

GBPUSD Analysis

Market Still Influenced by Hawkish Fed Stance

The weaker US PPI data has not significantly weakened the USD as the market remains influenced by the Fed’s hawkish stance. The Fed predicts only one rate cut this year.

Sell If Support Breaks

GBPUSD is still under pressure, testing the support area. Selling opportunities can be considered if there is another break below the support area.

Prediction: WEAK GBPUSD

Resistance Levels

  • R1 1.28161
  • R2 1.27834
  • R3 1.28299
  • R4 1.28593

Support Levels

  • S1 1.27367
  • S2 1.27834
  • S3 1.27046
  • S4 1.26859

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