Prepare to SELL GBPUSD: Dark Cloud Cover at Resistance
Daily Analysis GBPUSD
Dollar Corrected But Still Stable
The dollar corrected on Friday after briefly strengthening following the announcement of higher-than-expected US PPI data, increasing the likelihood that the Fed will hold interest rates until around mid-2024.
Stalled at Resistance Area
Prices are stalled at the resistance area and show a dark cloud cover pattern in the H1 time frame. Selling opportunities can be taken in the resistance area.
Prediction: WEAK GBPUSD
Resistance
- R1 1.26869
- R2 1.25978
- R3 1.27258
- R4 1.27754
Support
- S1 1.25978
- S2 1.26869
- S3 1.25902
- S4 1.25194
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