GBPUSD Forex Analysis for Today, Friday (28-06-2024)
GBPUSD Strength Held at Resistance, Look for SELL Opportunities
GBPUSD Analysis
Sterling’s Strength Hampered by US Economic Data
The pound sterling briefly strengthened against the USD yesterday, but stronger-than-expected US economic data, including durable goods orders, GDP, and weekly jobless claims, halted sterling’s advance.
Watch the Resistance Area
Sterling’s strength is held at the resistance area. SELL opportunities can be sought if there is a bearish signal confirmation when another pullback to this resistance area occurs.
Prediction: WEAK GBPUSD
Resistance
- R1 1.27000
- R2 1.26916
- R3 1.26800
- R4 1.26697
Support
- S1 1.26916
- S2 1.26535
- S3 1.26354
- S4 1.26183
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