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