GBPUSD Forex Analysis for Today – Thursday (15-02-2024)
https://onlineforexafrica.com/
Potential Bearish Wedge: SELL Opportunity for GBPUSD
Daily Analysis GBPUSD
Market Monitors Fed’s Moves
The dollar index continues to hold below the three-month high level, with the market still monitoring the possibility of the Fed delaying interest rate cuts related to tonight’s US retail sales data.
Potential Bearish Rising Wedge Pattern
Potential formation of a bearish rising wedge pattern is observed on the H1 time frame. The price is moving in the resistance area, providing an opportunity to look for sell opportunities.
Prediction: WEAK GBPUSD
Resistance
- R1 1.25811
- R2 1.25756
- R3 1.25927
- R4 1.26036
Support
- S1 1.25756
- S2 1.25811
- S3 1.25514
- S4 1.25387
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. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.