GBPUSD Forex Analysis for Today, Friday (26-01-2024)

GBPUSD Forex Analysis for Today, Friday (26-01-2024)

Consistently Sideways! Opportunity to Bounce GBPUSD

Daily Analysis of GBPUSD

USD Strengthens by 0.2% Overnight

The US Dollar rose on Thursday after data showed faster-than-expected economic growth. The dollar index, measuring the dollar’s value against six other major currencies, strengthened by 0.2% overnight.

Consolidated Prices

The Dollar’s strength has led to a decline in the GBPUSD chart. Prices have been observed to turn downwards into the ranging area. Opportunities to SELL again can be maximized.

Conclusion: WEAK GBPUSD

Trade Plan:


  • R1: 1.27925
  • R2: 1.27600
  • R3: 1.28260
  • R4: 1.28425


  • S1: 1.27250
  • S2: 1.27925
  • S3: 1.26555
  • S4: 1.26280

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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