GBPUSD Bullish, Target BUY Opportunities
Analysis of GBPUSD
Risk-On Sentiment Drives GBPUSD
GBPUSD continues to rise, approaching a two-month high due to increasing risk-on sentiment despite diminished expectations of Fed rate cuts.
Target Buy in Support Area
The intraday bias for GBPUSD is bullish today, but buy opportunities can be sought if a correction occurs towards the support area.
Forecast: STRONG GBPUSD
Resistance Levels:
- R1: 1.27338
- R2: 1.27074
- R3: 1.27486
- R4: 1.27603
Support Levels:
- S1: 1.27074
- S2: 1.27338
- S3: 1.26858
- S4: 1.26688
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