GBPUSD Forex Analysis for Today, Thursday (30-05-2024)

GBPUSD Forex Analysis for Today, Thursday (30-05-2024)

GBPUSD Reverses! Look for SELL Opportunities Today

Analysis of GBPUSD
USD and US Treasury Yields Strengthen
The USD and US Treasury yields strengthened following hawkish comments from Minneapolis Fed President Neel Kashkari, who stated there is still a chance for a Fed rate hike while the potential for rate cuts will not exceed two times.

Monitor Resistance Area

The price is moving in a bearish bias today. Sell opportunities can be sought if a pullback to the resistance area occurs.


Resistance Levels:

  • R1: 1.27572
  • R2: 1.27219
  • R3: 1.27768
  • R4: 1.27999

Support Levels:

  • S1: 1.27214
  • S2: 1.27627
  • S3: 1.27079
  • S4: 1.26871

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