GBPUSD forex analysis for today, Wednesday(24-04-2024)
GBPUSD Encounters Resistance Again, Can Look for SELL Again! Daily GBPUSD Analysis Mixed UK Data, Still Possibility of Rate Cut UK manufacturing data shows a decline although the service sector tends to improve. The decline in the manufacturing sector could still be a reason for the Bank of England to stick to its interest rate cut plans, especially as the BoE Governor has not changed his belief that inflation slowdown remains on track. Monitor Resistance Price movement once again encounters the resistance area. Look for sell signal confirmations in the nearest resistance area. Prediction: WEAK GBPUSD
Resistance
- R1 1.25043
- R2 1.24664
- R3 1.25246
- R4 1.25455
Support
- S1 1.24664
- S2 1.25043
- S3 1.24493
- S4 1.24253
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