GBPUSD Forex Analysis for Today, Monday (20-05-2024)

GBPUSD Forex Analysis for Today, Monday (20-05-2024)

GBPUSD Forex Analysis for Today, Monday (20-05-2024)

Look for BUY Opportunities on GBPUSD, Still Moving in Uptrend

GBPUSD Analysis

Dollar Under Pressure Again

The USD is under pressure again as the market continues to speculate about the timing of the Fed’s interest rate cuts amidst signs of slowing inflation and the US economy.

Buy If Resistance Breaks

GBPUSD is still moving in an uptrend as seen on the H1 timeframe. The chances of a buy opportunity will increase if a breakout above resistance occurs.



  • R1 1.27180
  • R2 1.26160
  • R3 1.27611
  • R4 1.28040


  • S1 1.26160
  • S2 1.26534
  • S3 1.25887
  • S4 1.25653

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