GBPUSD Forex Analysis for Today, Monday (15-01-2024)

GBPUSD Forex Analysis for Today, Monday (15-01-2024)

GBPUSD Forex Analysis for Today, Monday (15-01-2024)

Check GBPUSD! Sell Opportunity from Wedge Potential

Daily Analysis GBPUSD

US PPI Data Pressures the Dollar, But Temporarily

Unexpected weakness in US PPI data for December 2023 triggered a correction in the USD, raising expectations of Fed interest rate cuts, but it was temporary, and GBPUSD declined again.

Potential Rising Wedge Pattern

GBPUSD shows the potential of a reversal rising wedge pattern. A breakthrough in support will confirm the selling opportunity.

Conclusion: Weak GBPUSD


  • R1 1.27900
  • R2 1.27250
  • R3 1.28250
  • R4 1.28600


  • S1 1.27250
  • S2 1.27900
  • S3 1.27000
  • S4 1.26850

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