GBPUSD Forex Analysis for Today, Thursday (13-06-2024)
GBPUSD Testing Support, Sell If Breaks
GBPUSD Analysis
Fed Expects Rate Cut Only Once
USD recovered after the Fed estimated they would only cut interest rates once this year, thus hindering the strengthening of GBPUSD. Economic growth in the UK stalled in April. GDP recorded zero percent in April, down from 0.4 percent in March.
Sell If Breaks Support
GBPUSD is correcting lower again. Selling opportunities can be sought if there is a breakthrough below the support area.
Prediction: WEAK GBPUSD
Resistance Levels
- R1 1.28231
- R2 1.27739
- R3 1.28444
- R4 1.28695
Support Levels
- S1 1.27739
- S2 1.28231
- S3 1.27536
- S4 1.27043
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.