GBPUSD Forex Analysis – Monday (24-06-2024)

GBPUSD Forex Analysis – Monday (24-06-2024)

GBPUSD Forex Analysis for Today – Monday (24-06-2024)

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GBPUSD SELL Opportunity: Moving Below the Trendline

Analysis of GBPUSD

Strengthening USD Pressures GBPUSD

The strengthening USD and rising US bond yields are pressuring GBPUSD movements.

Monitor the Trendline Area

Prices are moving below the descending trendline visible on the H1 time frame. Selling opportunities can be explored if a pullback to that area occurs.


Resistance Levels

  • R1: 1.27000
  • R2: 1.26788
  • R3: 1.26531
  • R4: 1.26367

Support Levels

  • S1: 1.26788
  • S2: 1.26247
  • S3: 1.26009
  • S4: 1.25799

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.

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