GBPUSD Forex Analysis for Today, Tuesday (27-02-2024)
Triple Top Opportunity, SELL GBPUSD at the Peak
Daily GBPUSD Analysis
Dollar Falls at the Beginning of the Week
GBPUSD experiences limited gains again due to lower-than-expected Dollar data projections at the beginning of the week. The market has shrugged off the decline in the March Fed meeting and pushed back expectations for a decline to June, meaning the pair against USD has the potential to correct back.
Triple Top Confirmed
Prices are still held in the peak resistance area on the H1 time frame. Correction opportunities are highly likely to occur in the support area. Note that you should maximize SELL opportunities as long as the price does not break the Triple Top peak.
Prediction: WEAK GBPUSD
Resistance
- R1 1.27215
- R2 1.26720
- R3 1.27583
- R4 1.27797
Support
- S1 1.26720
- S2 1.27215
- S3 1.26500
- S4 1.26220
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