GBPUSD Forex Analysis for Today, Tuesday (13-08-2024)
Still an Opportunity to SELL GBPUSD, Held at DOWN TRENDLINE
GBPUSD Analysis
Market Awaits UK Wage and Employment Data
The market is awaiting the release of UK wage and employment data today, followed by the US PPI data. UK and US inflation figures will also be announced tomorrow, Wednesday.
Held at Down Trendline
GBPUSD remains held at the downtrend line visible on the H1 time frame. A sell signal can be sought in the entry area.
Forecast: WEAK GBPUSD
Trade Plan:
Resistance Levels:
- R1: 1.29000
- R2: 1.28500
- R3: 1.28000
- R4: 1.27000
Support Levels:
- S1: 1.28046
- S2: 1.27161
- S3: 1.26725
- S4: 1.26288
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