GBPUSD Forex Analysis for Today, Thursday (22-02-2024)

GBPUSD Forex Analysis for Today, Thursday (22-02-2024)

GBPUSD Forex Analysis for Today, Thursday (22-02-2024)

SELL Opportunity for GBPUSD: Potential Triangle Pattern

Daily GBPUSD Analysis

Market Confident in Fed Rate Cut Starting June

Market participants are confident that the Federal Reserve will only start cutting interest rates from June this year. From the FOMC minutes, it is evident that the interest rate hike cycle ended in January.

Potential Symmetrical Triangle

Prices are held at the resistance area, and there is a potential symmetrical triangle pattern on the H4 time frame. Sell opportunities can be sought at the upper line or resistance area.

Prediction: WEAK GBPUSD


  • R1 1.26864
  • R2 1.26531
  • R3 1.27144
  • R4 1.27481


  • S1 1.26531
  • S2 1.26864
  • S3 1.26287
  • S4 1.25936

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