GBPUSD Forex Analysis for Today – Wednesday (06-03-2024)

GBPUSD Forex Analysis for Today – Wednesday (06-03-2024)

GBPUSD Forex Analysis for Today – Wednesday (06-03-2024)

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Seek BUY Opportunities, GBPUSD Correction to Trendline

Daily GBPUSD Analysis

Dollar Experiences Correction

USD corrected last night after economic data showed a slowdown in growth in the service sector. The market’s current focus shifts to Powell’s statements before Congress and US employment data.

Correction to Trendline

Prices appear to be undergoing correction towards the accelerating area or sub-trendline. Look for buy opportunities as long as prices do not fall below the support area.

Prediction: STRONG GBPUSD

Resistance Levels

  • R1: 1.27084
  • R2: 1.26509
  • R3: 1.27310
  • R4: 1.27690

Support Levels

  • S1: 1.26509
  • S2: 1.26509
  • S3: 1.26275
  • S4: 1.25970
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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.


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