GBPUSD Forex Analysis for Today – Tuesday (05-03-2024)

GBPUSD Forex Analysis for Today – Tuesday (05-03-2024)

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

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.

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