GBPUSD Forex Analysis for Today, Wednesday (17-07-2024)
GBPUSD Still Has BUY Opportunity, Held at Support Area
Analysis GBPUSD
Market Awaits UK CPI
Amid expectations that the Fed will begin its rate-cutting cycle in September, the market is also awaiting the UK CPI data to be announced today.
Held at Support Area
The price remains held at the support area, which is also the break of structure (BoS) area. Buying opportunities can still be sought in that support area.
Forecast: STRONG GBPUSD
Resistance
- R1 1.28902
- R2 1.30126
- R3 1.30780
- R4 1.31484
Support
- S1 1.28000
- S2 1.29000
- S3 1.23000
- S4 1.31000

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