GBPUSD Forex Analysis for Today – Monday (04-03-2024)
Seeking SELL Signal, GBPUSD Faces Resistance Again
Daily Analysis GBPUSD
Weakened Data Pressures the Dollar
The dollar weakened on Friday after U.S. economic data showed figures weaker than expected. U.S. manufacturing data fell in February, and economists at Goldman Sachs cut GDP estimates for the first quarter by 0.2 percentage points.
Price Faces Resistance Again
The price is once again facing resistance. Look for selling opportunities as long as the price does not break above the resistance area.
Prediction: WEAK GBPUSD
Resistance Levels
- R1: 1.27111
- R2: 1.26536
- R3: 1.27293
- R4: 1.27641
Support Levels
- S1: 1.26536
- S2: 1.27111
- S3: 1.26386
- S4: 1.26157
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