GBPUSD Forex Analysis for Today, Monday(08-04-2024)

GBPUSD Forex Analysis for Today, Monday(08-04-2024)

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


  • R1 1.26896
  • R2 1.26369
  • R3 1.27262
  • R4 1.27612


  • S1 1.26369
  • S2 1.26896
  • S3 1.26048
  • S4 1.25768

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