GBPUSD Forex Analysis for Today, Wednesday (12-06-2024)

GBPUSD Forex Analysis for Today, Wednesday (12-06-2024)

GBPUSD Forex Analysis for Today, Wednesday (12-06-2024)

Find SELL Opportunities for GBPUSD: Stuck at Resistance Area

GBPUSD Analysis

GBPUSD Stabilizes as Market Awaits US Inflation Data

GBPUSD is moving steadily as the market awaits US inflation data, which could influence the Fed’s interest rate decisions going forward. The Fed is scheduled to announce its interest rate this week, expected to remain at 5.5 percent.

Sell at Resistance Area

GBPUSD is still consolidating below the resistance area. Sell opportunities can be sought if there is a pullback to the resistance area.

Prediction: WEAK GBPUSD

Resistance Levels

  • R1 1.28279
  • R2 1.27802
  • R3 1.28502
  • R4 1.28695

Support Levels

  • S1 1.27397
  • S2 1.28279
  • S3 1.27143
  • S4 1.26795

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