GBPUSD Forex Analysis – Monday (29-04-2024)

GBPUSD Forex Analysis – Monday (29-04-2024)

GBPUSD Forex Analysis for Today – Monday (29-04-2024)

Visit GBPUSD Forex Analysis

Check the Opportunity to SELL GBPUSD Now! Prices Testing Resistance

GBPUSD Daily Analysis

Market Expects BOE Rate Cut

The Bank of England is expected to cut interest rates by 10 basis points at the June meeting. Meanwhile, US inflation data continues to support the Fed’s delay in interest rate cuts until September.

Prices Testing Resistance

Prices are testing the resistance area. Sell opportunities can be sought if there is confirmation of a bearish signal in that resistance area.

Prediction: WEAK GBPUSD

Resistance Levels

  • R1: 1.25832
  • R2: 1.24987
  • R3: 1.26179
  • R4: 1.26754

Support Levels

  • S1: 1.24987
  • S2: 1.25832
  • S3: 1.24844
  • S4: 1.24532

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