GBPUSD Forex Analysis for Today, Wednesday (17-01-2024)
Get Ready to BUY! GBPUSD Potential DOUBLE BOTTOM
Daily Analysis GBPUSD
Fed Official’s Comments Strengthen the Dollar
Hawkish comments from a Fed official, Christopher Waller, have caused expectations of further Fed rate cuts to fade, resulting in a stronger dollar.
Potential Double Bottom on H1
There is potential for a double bottom pattern. If the support area holds, prices are expected to rise to the 1.26700 area.
Conclusion: STRONG GBPUSD
Resistance
- R1 1.26300
- R2 1.26100
- R3 1.26600
- R4 1.26700
Support
- S1 1.26100
- S2 1.26500
- S3 1.25800
- S4 1.25600

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