GBPUSD Forex Analysis Today – Friday(01-03-2024)

GBPUSD Forex Analysis Today – Friday(01-03-2024)

GBPUSD Forex Analysis Today – Friday(01-03-2024)

Search for SELL Opportunities in GBPUSD, Monitor the Resistance Area

Daily Analysis of GBPUSD

US Inflation Reading Meets Expectations

The US inflation data from the US PCE data reading shows that inflation is still in line with economists’ expectations. The annual inflation increase recorded is the smallest in almost three years, reinforcing the speculation that the Fed’s interest rate cut may be postponed until June.

Price Drops From Resistance

Prices are seen dropping again after a pullback to the resistance area and trendline. Selling opportunities can still be sought if there is another pullback to that resistance area.

Prediction: WEAK GBPUSD


  • R1 1.27111
  • R2 1.26536
  • R3 1.27293
  • R4 1.27641


  • S1 1.26536
  • S2 1.27111
  • S3 1.26386
  • S4 1.26157

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