GBPUSD Forex Analysis for Today, Monday(22-04-2024)
GBPUSD Under Pressure, Get Ready to SELL AGAIN!
Daily Analysis of GBPUSD
Fed Rate Cut Expectations Diminish
The market believes the Fed will not cut interest rates in June, but will postpone it to around September. The interest rate cut is also expected to be smaller than previously estimated. Meanwhile, the Bank of England is expected to start cutting interest rates aggressively.
Monitor Resistance
Prices are seen under pressure on the H1 timeframe. Look for confirmation of sell signals if there is a pullback to the nearest resistance area.
Prediction: WEAK GBPUSD
Resistance
- R1 1.24291
- R2 1.24026
- R3 1.24464
- R4 1.24807
Support
- S1 1.24026
- S2 1.24291
- S3 1.23900
- S4 1.23652
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