GBPUSD Forex Analysis for Today, Tuesday(23-04-2024)
Testing Resistance, Get Ready to SELL AGAIN on GBPUSD!
Daily Analysis of GBPUSD
BoE Likely Not to Delay Interest Rate Cuts
BoE Deputy Governor, Dave Ramsden, stated that inflation is starting to ease. When asked about the Fed delaying cuts, Ramsden said that BoE has its own policy. This suggests that BoE is unlikely to delay interest rate cuts.
Monitor Resistance
Price appears to be under pressure on the H1 time frame. Look for sell signal confirmations if there is a pullback to the nearest resistance area.
Prediction: WEAK GBPUSD
Resistance
- R1 1.23926
- R2 1.23596
- R3 1.24038
- R4 1.24246
Support
- S1 1.23596
- S2 1.23926
- S3 1.23439
- S4 1.23101
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