GBPUSD Forex Analysis for Today, Friday (21-06-2024)

GBPUSD Forex Analysis for Today, Friday (21-06-2024)

GBPUSD Forex Analysis for Today, Friday (21-06-2024)

Opportunity to SELL GBPUSD if Support Breaks

GBPUSD Analysis

BoE Holds Interest Rates, But Decision Not Unanimous

Sterling weakened after the BoE announced to hold interest rates at 5.25 percent. However, some BoE officials mentioned that the decision was not entirely unanimous.

Monitor Support Area

Sell opportunities can be taken if there is a break below the support area.

Prediction: WEAK GBPUSD

Resistance Levels

  • R1 1.27400
  • R2 1.27200
  • R3 1.27000
  • R4 1.26800

Support Levels

  • S1 1.26736
  • S2 1.26326
  • S3 1.26415
  • S4 1.25962

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