GBPUSD Forex Analysis for Today, Tuesday (23-01-2024)
GBPUSD Still Has Selling Opportunity, Potential WEDGE
Fed Interest Rate Prospects Still Pressuring Pound
The market’s confidence that the Fed will not cut interest rates in March is still providing strength to the USD and putting pressure on GBPUSD.
Potential Rising Wedge Pattern
There is a potential bearish rising wedge pattern. A breakthrough of the lower line will increase the selling opportunities.
Prediction: WEAK GBPUSD
Resistance
- R1 1.27300
- R2 1.26850
- R3 1.27500
- R4 1.27900
Support
- S1 1.26850
- S2 1.27300
- S3 1.26700
- S4 1.26300
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