GBPUSD Forex Analysis for Today, Monday (22-07-2024)
Potential SELL GBPUSD: Bearish Flag Pattern
Analysis GBPUSD
Market Awaits UK GDP This Week
Today there is no significant economic data scheduled from the UK, but the market is anticipating the UK GDP this week, despite the certainty that the BoE will not cut rates next month.
Bearish Flag Pattern
The potential for a bearish flag pattern is visible on the H1 time frame. Sell opportunities can be taken if the pattern is confirmed by breaking the lower line and confirming BoS.
Prediction: WEAK GBPUSD
Resistance
- R1 1.30000
- R2 1.29500
- R3 1.29000
- R4 1.28000
Support
- S1 1.29500
- S2 1.28771
- S3 1.28395
- S4 1.28028
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