GBPUSD Forex Analysis for Today, Wednesday (05-06-2024)

GBPUSD Forex Analysis for Today, Wednesday (05-06-2024)

GBPUSD Forex Analysis for Today, Wednesday (05-06-2024)

Look for BUY Opportunities in GBPUSD, Correction Held at Support

Analysis of GBPUSD

USD Strength Limited by Job Openings Data

Although it initially strengthened, USD gains were capped after JOLTS job openings data showed a decline compared to the previous period. This data could influence the US NFP data on Friday.

Buy in Support Area

Correction is held in the support area. Buying opportunities can be sought in the support area as long as there is no break below this support level.


Resistance Levels

  • R1 1.27658
  • R2 1.27322
  • R3 1.27832
  • R4 1.28084

Support Levels

  • S1 1.27322
  • S2 1.27832
  • S3 1.27125
  • S4 1.26827

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