GBPUSD Forex Analysis for Today – Friday(15-03-2024)
Check Buying Opportunities for GBPUSD NOW! Potential BULLISH WEDGE!
Daily Analysis GBPUSD
Dollar Strength Pressures GBPUSD
USD strengthened yesterday as PPI data was released higher than expected, dampening the possibility of faster interest rate cuts by the Fed and pressuring GBPUSD.
Potential Bullish Falling Wedge Pattern
Prices are held at the support area, with potential for a bullish falling wedge pattern on the H1 time frame. Buy signal confirmation can be sought in the support area or the lower line of the wedge pattern.
Prediction: STRONG GBPUSD
Resistance
- R1 1.27603
- R2 1.27182
- R3 1.27736
- R4 1.27945
Support
- S1 1.27182
- S2 1.27603
- S3 1.27021
- S4 1.26746
Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.