GBPUSD Forex Analysis – Friday (16-02-2024)

GBPUSD Forex Analysis – Friday (16-02-2024)

GBPUSD Forex Analysis for Today – Friday (16-02-2024)

Selling Opportunity GBPUSD: Evening Star at Resistance Area

Daily Analysis GBPUSD

Dollar Correction

The dollar index corrected last night after US retail sales data increased the chances of the Fed cutting interest rates in June, for the first time since the pandemic.

Evening Star Pattern

Prices held in the resistance area and showed an evening star pattern on the H1 time frame.

Prediction: WEAK GBPUSD


  • R1 1.26871
  • R2 1.26002
  • R3 1.27258
  • R4 1.27754


  • S1 1.26002
  • S2 1.26871
  • S3 1.25744
  • S4 1.25194

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