GBPUSD Forex Analysis for Today, Friday (23-08-2024)
Continue to Look for BUY Opportunities on GBPUSD! Still Supported by Up Trendline
GBPUSD Analysis
UK Business Activity Rises
GBPUSD hit a 13-month high following data showing that UK business activity has accelerated this month, while costs associated with business activities have dropped to their lowest level in three years.
Still Held by Up Trendline
Price remains supported above the up trendline visible on the H1 time frame. A buy signal can be sought in that trendline area.
Forecast: STRONG GBPUSD
Resistance Levels:
- R1: 1.30292
- R2: 1.31323
- R3: 1.31778
- R4: 1.32204
Support Levels:
- S1: 1.28500
- S2: 1.29000
- S3: 1.29500
- S4: 1.30000
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