GBPUSD Forex Analysis for Today – Tuesday (05-03-2024)
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Seek SELL Opportunities, GBPUSD Stalled at Resistance Again
Daily GBPUSD Analysis
GBP to Be Influenced by US Data
The majority of data that could impact GBPUSD this week comes from the United States. In the UK, the market will observe the impact of policies to be announced by the UK Chancellor, Jeremy Hunt, in the Spring Budget.
Price Stalled Again at Resistance
Prices seem to be once again halted at the resistance area. Look for sell opportunities as long as prices do not surpass the upper limit of that resistance area.
Prediction: WEAK GBPUSD
Resistance Levels
- R1: 1.27111
- R2: 1.26980
- R3: 1.27228
- R4: 1.27363
Support Levels
- S1: 1.26980
- S2: 1.27111
- S3: 1.26876
- S4: 1.26682
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