GBPUSD Forex Analysis for Today, Thursday (18-01-2024)
Stuck at Resistance, GBPUSD Potentially DOWN
Daily Analysis GBPUSD
UK CPI Held Back by US Retail Sales
GBPUSD briefly rose after UK CPI data showed an increase, but in the New York session, the strength of retail sales data held back the pound’s gains.
Tweezer Top Seen at Resistance Area
Prices are stuck at the resistance area, and two tweezer top patterns are likely to be followed by a correction.
Prediction: WEAK GBPUSD
Resistance
- R1 1.27000
- R2 1.26700
- R3 1.27150
- R4 1.27300
Support
- S1 1.26750
- S2 1.27000
- S3 1.26600
- S4 1.26400
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