GBPUSD Forex Analysis for Today, Tuesday(26-03-2024)
Check Buying Opportunities for GBPUSD! Price Held in Support Area!
Daily Analysis GBPUSD
Weakening of the US Dollar
Dovish sentiment surrounds the Federal Reserve’s stance on interest rates, with market sentiment leaning towards The Fed initiating a rate cut in June and the weakening of the US Dollar.
Held in Support Area
The GBPUSD movement is currently held in the support area with the potential to strengthen to the resistance area. Look for buy signal confirmation as long as the price does not break support.
Prediction: STRONG GBPUSD
Resistance
- R1 1.26108
- R2 1.25450
- R3 1.26475
- R4 1.26850
Support
- S1 1.25450
- S2 1.26475
- S3 1.25072
- S4 1.24633
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