GBPUSD Forex Analysis for Today, Wednesday (26-06-2024)

GBPUSD Forex Analysis for Today, Wednesday (26-06-2024)

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


  • R1 1.27500
  • R2 1.27418
  • R3 1.27001
  • R4 1.26825


  • S1 1.27418
  • S2 1.26604
  • S3 1.26365
  • S4 1.26111

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