GBPUSD Forex Analysis for Today, Monday(01-04-2024)
Get Ready to Check Selling Opportunity in GBPUSD! Potential Bearish Continuation
Daily Analysis GBPUSD
US Inflation as Expected
The Fed stated that recent US inflation data met expectations, related to the Federal Reserve’s stance on interest rate cuts this year.
Bearish Continuation
The current movement of GBPUSD has the potential to continue its weakening. Look for selling confirmation as long as the price does not break the nearest resistance.
Prediction: WEAK GBPUSD
Resistance
- R1 1.27117
- R2 1.26141
- R3 1.27492
- R4 1.27990
Support
- S1 1.26497
- S2 1.27117
- S3 1.26141
- S4 1.25480
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