GBPUSD Forex Analysis for Today, Wednesday(03-04-2024)
Check Selling Opportunities GBPUSD Now! Potential for Price Moving Drop Base Drop
Daily Analysis GBPUSD
US Dollar Index Surges
The US dollar gains momentum after the release of ISM Manufacturing data which showed improvement. This indicates an improvement in economic activity in the manufacturing sector.
Potential Drop Base Drop
The current movement of GBPUSD has the potential to move drop base drop in the H4 timeframe. Confirmation of sell signals can be sought as long as the price does not break the nearest resistance.
Prediction: WEAK GBPUSD
Resistance
- R1 1.26833
- R2 1.25748
- R3 1.27340
- R4 1.27878
Support
- S1 1.25748
- S2 1.26833
- S3 1.25266
- S4 1.24717
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