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
Resistance
- R1 1.24989
- R2 1.24358
- R3 1.25232
- R4 1.25724
Support
- S1 1.24358
- S2 1.24989
- S3 1.24114
- S4 1.23760
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