GBPUSD Remains SELL Potential, Intraday Bias Still Bearish
GBPUSD Analysis
US GDP Strengthens, Market Focus on PCE
The US GDP data for Q2 QoQ showed an increase from 1.4% to 3%, while weekly jobless claims decreased from 233,000 to 231,000. Today’s market attention shifts to the Core PCE Price Index data to gather inflation insights that could impact the Fed’s decision.
Continued Bearish Movement
Today’s intraday bias leans towards bearishness. A sell signal can be considered if the price enters the designated entry area.
Prediction: WEAK GBPUSD
Resistance Levels
- R1 1.32600
- R2 1.32400
- R3 1.32200
- R4 1.32000
Support Levels
- S1 1.32327
- S2 1.31312
- S3 1.30784
- S4 1.30236
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