GBPUSD Forex Analysis for Today, Friday (19-01-2024)

GBPUSD Forex Analysis for Today, Friday (19-01-2024)

GBPUSD Forex Analysis for Today, Friday (19-01-2024)

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Get Ready! Potential SELL on GBPUSD!

Daily Analysis GBPUSD

Pound Driven by Rise in Housing and Credit Sectors

GBPUSD experienced a boost due to the improvement in housing prices, decreasing from -41% to -30% according to a survey conducted by the Royal Institution of Chartered Surveyors. Household spending also increased based on a credit condition survey by the Bank of England.

Strength Held, Potential Rising Wedge Pattern

The strength of GBPUSD is held at the resistance area, and there is potential for a bearish rising wedge pattern. Correction may potentially occur as long as the resistance holds.

Prediction: WEAK GBPUSD


  • R1 1.27500
  • R2 1.27100
  • R3 1.27700
  • R4 1.27900


  • S1 1.27100
  • S2 1.27500
  • S3 1.27000
  • S4 1.26700

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.

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