GBPUSD Forex Analysis for Today, Thursday(04-04-2024)
Check the Opportunity to Buy GBPUSD! Potential for Prices to Continue Rising
Daily Analysis GBPUSD
Weakening of the US Dollar
The US Dollar is under strong selling pressure after Powell’s dovish tone. It reaffirms that recent data on increased employment and higher-than-expected inflation did not significantly alter the overall economic policy outlook for this year.
Potential for Prices to Continue Rising
The current movement of GBPUSD has the potential to rally on the H1 timeframe. Look for confirmation of buy signals as long as the price does not break the nearest support.
Prediction: STRONG GBPUSD
Resistance
- R1 1.26256
- R2 1.25831
- R3 1.26479
- R4 1.26710
Support
- S1 1.25831
- S2 1.26256
- S3 1.25617
- S4 1.25386
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