GBPUSD forex analysis for today, Monday(13-05-2024)

GBPUSD forex analysis for today, Monday(13-05-2024)

Check Selling Opportunities in GBPUSD Now! Price Returning to Resistance

Analysis GBPUSD

BoE Chief Economist Growing More Confident in Rate Cut

The Bank of England’s chief economist, Huw Pill, indicates increasing confidence that a rate cut is highly likely. Meanwhile, tomorrow’s UK unemployment claims are expected to rise.

Price Still Below Trendline and Testing Resistance

Prices are still moving below the descending trendline visible on the H4 time frame and are retesting the resistance area. Selling opportunities can be sought in that trendline and nearest resistance area.

Prediction: WEAK GBPUSD


  • R1 1.26485
  • R2 1.25317
  • R3 1.26926
  • R4 1.27464


  • S1 1.25317
  • S2 1.26485
  • S3 1.24984
  • S4 1.24625

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