GBPUSD Forex Analysis – Monday(18-03-2024)

GBPUSD Forex Analysis – Monday(18-03-2024)

GBPUSD Forex Analysis for Today – Monday(18-03-2024)

Prepare for Buying Opportunity in GBPUSD! Potential Bullish Continuation!

Daily Analysis GBPUSD

Economic News

The US dollar weakened due to a decline in US government bond yields.

Potential Bullish Continuation

Prices are likely to pull back to the area where resistance becomes support, with potential for bullish continuation on the H4 time frame. Confirmation of buy signals can be sought as long as the price moves above the support.

Prediction: STRONG GBPUSD

Resistance

  • R1 1.27101
  • R2 1.25112
  • R3 1.27996
  • R4 1.28926

Support

  • S1 1.25112
  • S2 1.27101
  • S3 1.24455
  • S4 1.23695
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