GBPUSD Forex Analysis for Today, Monday(27-05-2024)
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Seeking SELL Opportunities for GBPUSD, Price Held by Resistance
GBPUSD Analysis
Market Doubtful Fed Will Soon Cut Rates
The market’s uncertainty about the prospects of rate cuts by the Fed, coupled with the lack of support from UK economic data this week, is expected to weigh on GBPUSD.
Held at the Resistance Area
Prices are held at the resistance area. Sell opportunities can be sought at this resistance area.
Forecast: WEAK GBPUSD
Resistance Levels:
- R1 1.27671
- R2 1.27444
- R3 1.27821
- R4 1.27966
Support Levels:
- S1 1.27444
- S2 1.27671
- S3 1.27245
- S4 1.27072
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