GBPUSD Forex Analysis for Today
GBPUSD Still Has SELL Opportunity: Bearish Flag Potential Remains
GBPUSD Analysis
Market Awaits UK PMI
The market is awaiting the UK manufacturing PMI and services PMI data, which will be released tomorrow. Additionally, the US PCE data is also anticipated to provide clues regarding the Fed’s interest rate direction.
Bearish Flag Potential
The potential for a bearish flag pattern is still visible on the H1 time frame. Sell opportunities can be taken if this pattern is confirmed by breaking the lower line and confirming the Break of Structure (BoS).
Prediction: WEAK GBPUSD
Resistance
- R1: 1.30000
- R2: 1.29500
- R3: 1.29000
- R4: 1.28000
Support
- S1: 1.29500
- S2: 1.28771
- S3: 1.28395
- S4: 1.28028
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