GBPUSD Forex Analysis for Today, Wednesday (26-06-2024)
GBPUSD Still Held at Resistance, Look for SELL Opportunities
GBPUSD Analysis
USD Strengthens Post Consumer Data Release
USD and US bond yields strengthened after CB Consumer Confidence data came in better than expected. The USD was also lifted by hawkish comments from several Fed officials, suggesting the Fed is in no rush to start a rate-cutting cycle.
Still Held at Resistance Area
GBPUSD is still held at the technical resistance area. SELL opportunities can be taken if there is a confirmed bearish signal at that resistance area.
Prediction: WEAK GBPUSD
Resistance
- R1 1.27500
- R2 1.27418
- R3 1.27001
- R4 1.26825
Support
- S1 1.27418
- S2 1.26604
- S3 1.26365
- S4 1.26111
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.