GBPUSD Forex Analysis for Today, Friday (17-05-2024)
Look for Buying Opportunities in GBPUSD, Monitor Support Area
GBPUSD Analysis
GBPUSD Correction Due to USD Strengthening
USD recovery occurred yesterday after import prices rose by 0.9 percent last month. However, the market still believes the Fed will not delay interest rate cuts this year.
Search for Buys in Support Area
GBPUSD is still moving in an uptrend as seen in the H1 timeframe. Buying opportunities can be sought if there is a correction to the support area.
Prediction: STRONG GBPUSD
Resistance
- R1 1.26438
- R2 1.26093
- R3 1.26634
- R4 1.26775
Support
- S1 1.26093
- S2 1.26438
- S3 1.25908
- S4 1.25671
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