GBPUSD Forex Analysis for Today, Tuesday (18-06-2024)

GBPUSD Forex Analysis for Today, Tuesday (18-06-2024)

GBPUSD Forex Analysis for Today, Tuesday (18-06-2024)

GBPUSD Still Held at Resistance, Look for SELL Opportunities

GBPUSD Analysis

Market Watching US Retail Sales and BoE

The Bank of England will announce interest rates this week, expected to remain at 5.25 percent. The market is also awaiting US retail sales data today.

Sell in the Resistance Area

GBPUSD still appears to be held at the resistance area on the H1 time frame. Selling opportunities can be taken if there is a confirmation of bearish signals in the resistance area.

Prediction: WEAK GBPUSD

Resistance Levels

  • R1 1.27637
  • R2 1.27191
  • R3 1.27921
  • R4 1.28160

Support Levels

  • S1 1.26859
  • S2 1.27642
  • S3 1.26670
  • S4 1.26211

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