GBPUSD Forex Analysis for Today, Tuesday(02-04-2024)

GBPUSD Forex Analysis for Today, Tuesday(02-04-2024)

GBPUSD Forex Analysis for Today, Tuesday(02-04-2024)

Be Ready to Check the Opportunity to Buy GBPUSD! Prices Potentially Testing the Support Area

Daily Analysis GBPUSD

Strength of the US Dollar

The US Dollar gained momentum after the release of the ISM Manufacturing data, which showed an increase. This indicates that economic activity in the manufacturing sector is very good.

Testing the Support Area

The movement of GBPUSD currently has the potential to test the support area. Look for confirmation signals to buy as long as the price does not break the nearest support.

Prediction: STRONG GBPUSD

Resistance

  • R1 1.25339
  • R2 1.24711
  • R3 1.25675
  • R4 1.26013

Support

  • S1 1.24711
  • S2 1.25339
  • S3 1.24396
  • S4 1.24066
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Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.


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