GBPUSD Forex Analysis for Today, Thursday (06-06-2024)

GBPUSD Forex Analysis for Today, Thursday (06-06-2024)

GBPUSD Forex Analysis for Today, Thursday (06-06-2024)

Still Watching for BUY Opportunities in GBPUSD, Rebound From Support Area

Analysis of GBPUSD

US Data Mixed, Market Awaits US NFP This Week

US data shows weakness in the private sector employment but improvement in the non-manufacturing sector. The market is anticipating the US NFP data to gain insights into the Fed’s future monetary policy direction.

Buy in Support Area

GBPUSD rebounded from the support area. Buying opportunities can be sought if there is another correction to the support area, as long as there is no break below this support level.


Resistance Levels

  • R1 1.27397
  • R2 1.27322
  • R3 1.27832
  • R4 1.28084

Support Levels

  • S1 1.27322
  • S2 1.27832
  • S3 1.27125
  • S4 1.26827

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