GBPUSD Forex Analysis for Today – Tuesday (14-05-2024)

GBPUSD Forex Analysis for Today – Tuesday (14-05-2024)

GBPUSD Forex Analysis for Today – Tuesday (14-05-2024)

Check SELL Opportunities for GBPUSD Now! Price Returns to Resistance

GBPUSD Analysis

Market Focus on US Inflation Data

The market’s focus has now shifted to the scheduled release of US inflation data, which is likely to be higher than expected. If true, this will give the Fed a reason to delay interest rate cuts until September and provide support for the USD.

Price Still Testing Resistance

The price is still moving in the descending trendline area visible on the H4 time frame and is still testing the resistance area. Sell opportunities can be sought in the nearest resistance area.

Prediction: WEAK GBPUSD

Resistance Levels

  • R1 1.26485
  • R2 1.25676
  • R3 1.26926
  • R4 1.27464

Support Levels

  • S1 1.25676
  • S2 1.26485
  • S3 1.25284
  • S4 1.24764

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.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *