GBPUSD Forex Analysis for Today – Thursday (07-03-2024)

GBPUSD Forex Analysis for Today – Thursday (07-03-2024)

GBPUSD Forex Analysis for Today – Thursday (07-03-2024)

Explore more on Online Forex Africa

Get Ready to BUY, GBPUSD Still in Uptrend

Daily GBPUSD Analysis

Dollar Under Pressure

USD is under pressure, reaching the lowest point in a month after Fed Chair Jerome Powell stated that the pace of inflation is “uncertain,” and the Fed plans to cut interest rates several times this year.

Still Above the Up Trendline

Prices are seen moving above the uptrend line. Look for buy opportunities again if there is a breakthrough above the resistance area.

Prediction: STRONG GBPUSD

Resistance Levels

  • R1: 1.27655
  • R2: 1.26876
  • R3: 1.27947
  • R4: 1.28411

Support Levels

  • S1: 1.26876
  • S2: 1.27655
  • S3: 1.26542
  • S4: 1.25987
JustMarkets

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.


 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *