GBPUSD Forex Analysis for Today, Tuesday (28-05-2024)

GBPUSD Forex Analysis for Today, Tuesday (28-05-2024)

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.


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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