GBPUSD Forex Analysis for Today, Wednesday (10-01-2024)
ALERT! GBPUSD Gearing Up to FLY: Triangle Potential!
Daily Analysis of GBPUSD
Ahead of BOE Governor’s Speech, Pound Slightly Pressured
BOE Governor Andrew Bailey will deliver the financial stability report tonight. The market will seek clues whether BOE might cut interest rates in the second quarter of this year.
Potential Symmetrical Triangle, Price at Lower Line
GBPUSD has the potential to form a symmetrical triangle, with the price held at the lower line, rebounding from support.
Conclusion: STRONG GBPUSD
Resistance
- R1 1.27150
- R2 1.26700
- R3 1.27500
- R4 1.27600
Support
- S1 1.26700
- S2 1.27150
- S3 1.26500
- S4 1.26300
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