GBPUSD Forex Analysis for Today, Friday(19-04-2024)

GBPUSD Forex Analysis for Today, Friday(19-04-2024)

GBPUSD Forex Analysis for Today, Friday(19-04-2024)

Get Ready to SELL GBPUSD! Symmetrical Triangle Pattern

Daily Analysis of GBPUSD

BoE Targets Inflation to Fall to 2 Percent

The Bank of England aims for a sharp decline in inflation to reach 2 percent by mid-year, keeping the interest rate cut on track.

Symmetrical Triangle Pattern

A symmetrical triangle pattern is visible on the H1 time frame. Confirmation of a sell signal can be sought if there is a pullback to the lower line of this pattern.

Prediction: WEAK GBPUSD


  • R1 1.24989
  • R2 1.24358
  • R3 1.25232
  • R4 1.25724


  • S1 1.24358
  • S2 1.24989
  • S3 1.24114
  • S4 1.23760

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