GBPUSD Forex Analysis for Today, Monday(08-04-2024)
Be Ready to Check Opportunities to Sell GBPUSD: Potential for Price Continuation Decline
Daily Analysis GBPUSD
US Economy Continues to Grow
The increased NFP data in March indicates the strength of the labor market driving the US economy.
Potential for Price Continuation Decline
The current movement of GBPUSD potentially indicates a continuation of decline, as seen on the H1 time frame with the recent break below the support area. Look for confirmation of sell signals as long as prices do not break resistance.
Prediction: WEAK GBPUSD
Resistance
- R1 1.26896
- R2 1.26369
- R3 1.27262
- R4 1.27612
Support
- S1 1.26369
- S2 1.26896
- S3 1.26048
- S4 1.25768
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