GBPUSD Forex Analysis for Today, Monday (01-07-2024)

GBPUSD Forex Analysis for Today, Monday (01-07-2024)

GBPUSD Forex Analysis for Today, Monday (01-07-2024)

GBPUSD Re-tests Resistance, Look for SELL Opportunities

Analysis GBPUSD

UK Elections Become Market Focus

The weakness of GBP against USD has entered its 4th week. The market is currently focusing on the UK elections to be held on July 4th.

Monitor Resistance Area

Sterling’s strength is held at the resistance area. Selling opportunities can be considered if there is confirmation of a bearish signal when it pulls back to this resistance area again.

Prediction: Weak GBPUSD


  • R1 1.27000
  • R2 1.26916
  • R3 1.26800
  • R4 1.26697


  • S1 1.26916
  • S2 1.26535
  • S3 1.26354
  • S4 1.26183

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