GBPUSD Forex Analysis – Friday (09-02-2024)

GBPUSD Forex Analysis – Friday (09-02-2024)

GBPUSD Forex Analysis for Today

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GBPUSD: Seize the SELL Opportunity If Support is Broken

Daily Analysis GBPUSD

US Labor Data Remains Stable

The dollar index is still relatively stable after the latest labor data shows stability in the sector, further reducing the likelihood of the Fed cutting interest rates in the near future.

GBPUSD Sideways, Look for SELL Opportunities

A breakthrough below the support will increase the chances of selling.

Prediction: WEAK GBPUSD

Resistance

  • R1 1.26689
  • R2 1.25934
  • R3 1.26907
  • R4 1.27347

Support

  • S1 1.25934
  • S2 1.26689
  • S3 1.25669
  • S4 1.25159
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