GBPUSD Forex Analysis – Wednesday(07-02-2024)

GBPUSD Forex Analysis – Wednesday(07-02-2024)

GBPUSD Forex Analysis for Today


Get Ready to SELL! GBPUSD Stalls at Resistance Again

Daily Analysis GBPUSD

Dollar Corrects From 3-Month High

The dollar corrects from a 3-month high. Analysts expect the correction due to technical factors following a rally triggered by the strengthening US non-farm payrolls data and Powell’s somewhat hawkish statements.

Monitor Resistance Area

The price strength is still held at resistance. Monitor this resistance area for potential selling opportunities today.

Prediction: WEAK GBPUSD

Resistance and Support Levels


  • R1 1.26689
  • R2 1.25978
  • R3 1.26907
  • R4 1.27347


  • S1 1.25978
  • S2 1.26689
  • S3 1.25824
  • S4 1.25350

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