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.

Prediction: STRONG GBPUSD

  • 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

OnlineForexAfrica

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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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