GBPUSD Forex Analysis for Today, Wednesday (03-07-2024)

GBPUSD Forex Analysis for Today, Wednesday (03-07-2024)

GBPUSD Forex Analysis for Today, Wednesday (03-07-2024)

Resistance Holds Again, Monitor SELL Opportunities for GBPUSD

Analysis GBPUSD

Market Awaits US Employment Data

After the JOLTs job openings data came in better than expected, the market is now waiting for the ADP non-farm payrolls data, which is also expected to improve this evening. Both of these reports are precursors to the US non-farm payrolls data to be announced at the end of this week.

Monitor Resistance Area

GBPUSD is back in the resistance area. Keep monitoring this resistance area for confirmation of sell signals.

Prediction: Weak GBPUSD


  • R1 1.27336
  • R2 1.26991
  • R3 1.26863
  • R4 1.26500


  • S1 1.27336
  • S2 1.26637
  • S3 1.26313
  • S4 1.26015

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *