GBPUSD Forex Analysis for Today, Monday (22-01-2024)

GBPUSD Forex Analysis for Today, Monday (22-01-2024)

GBPUSD Forex Analysis for Today, Monday (22-01-2024)

Test Strong Resistance, GBPUSD Has the Opportunity to Break High

Wage Growth Report Weaker Than Expected

Data indicates wage growth below market expectations, while job vacancies decrease, signaling a potential slowdown in the labor market. With weak wage growth and a stable unemployment rate, analysts predict that the Bank of England will take a cautious approach in the February policy meeting, and there is speculation that an interest rate cut could begin in May.

Price Tests Strong Resistance

GBPUSD is observed to strongly hold at resistance, and prices are seen attempting to break through the daily resistance area. Sterling has the potential to break through the strong resistance barrier.

Prediction: STRONG GBPUSD

Resistance

  • R1 1.27200
  • R2 1.26800
  • R3 1.27500
  • R4 1.27700

Support

  • S1 1.26800
  • S2 1.27200
  • S3 1.26600
  • S4 1.25900
JustMarkets

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.


 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *