GBPUSD Forex Analysis for Today, Tuesday(20-02-2024)

GBPUSD Forex Analysis for Today, Tuesday(20-02-2024)

Look for BUY GBPUSD: Moving in Up Channel

Daily Analysis GBPUSD

Dollar Still Stable

The dollar remained stable yesterday as inflation data was still interpreted as a possibility of delaying interest rate cuts by the Fed.

Moving in Up Channel

Prices are moving in an up channel seen in the H1 time frame. As long as the lower line is not breached, we can still look for buy signal confirmations in the support area or the lower line of the channel.



  • R1 1.25719
  • R2 1.25482
  • R3 1.25827
  • R4 1.25981


  • S1 1.25482
  • S2 1.25719
  • S3 1.25346
  • S4 1.25177

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