GBPUSD forex analysis for today, Tuesday(04-06-2024)

GBPUSD forex analysis for today, Tuesday(04-06-2024)

GBPUSD Soars. Look for BUY Opportunities!

Analyze GBPUSD

US Economic Data Weakens USD

The USD weakened to a three-week low yesterday after economic data showed that the US economy is gradually slowing down, following weaker manufacturing and construction data, thereby strengthening expectations that the Fed will begin cutting interest rates this year.

Buy on Resistance Breakout

Prices are held at the resistance area. Look for buying opportunities if that resistance area is breached.


  • Resistance
    • R1 1.28275
    • R2 1.27919
    • R3 1.28456
    • R4 1.28633
  • Support
    • S1 1.27919
    • S2 1.28275
    • S3 1.27801
    • S4 1.27677



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