GBPUSD Forex Analysis for Today, Tuesday(09-07-2024)

GBPUSD Forex Analysis for Today, Tuesday(09-07-2024)

GBPUSD Forex Analysis for Today, Tuesday(09-07-2024)

Check BUY Opportunity for GBPUSD: Correction to Support Area

GBPUSD Analysis

Market Awaits UK GDP

The market is anticipating the UK GDP data, which is expected to rise by 0.2 percent. The data will be released this Thursday. Meanwhile, the USD tends to weaken as it awaits testimony from Fed Chair Jerome Powell for clues on the Fed’s next interest rate move.

Monitor Support Area

The price is correcting towards the support area. Observations show that this support area is based on a previous break of structure (BoS). Buying opportunities can be found in the support area, which is the BoS area.



  • R1 1.27426
  • R2 1.28200
  • R3 1.28602
  • R4 1.28983


  • S1 1.26500
  • S2 1.27000
  • S3 1.27500
  • S4 1.28000

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