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

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