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.
Prediction: STRONG GBPUSD
Resistance
- R1 1.25719
- R2 1.25482
- R3 1.25827
- R4 1.25981
Support
- S1 1.25482
- S2 1.25719
- S3 1.25346
- S4 1.25177
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