GBPUSD Forex Analysis – Wednesday (17-01-2024)

GBPUSD Forex Analysis – Wednesday (17-01-2024)

GBPUSD Forex Analysis for Today, Wednesday (17-01-2024)

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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.



  • R1 1.26300
  • R2 1.26100
  • R3 1.26600
  • R4 1.26700


  • S1 1.26100
  • S2 1.26500
  • S3 1.25800
  • S4 1.25600

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