GBPUSD Forex Analysis – Wednesday(13-03-2024)

GBPUSD Forex Analysis – Wednesday(13-03-2024)

GBPUSD Forex Analysis for Today – Wednesday(13-03-2024)

Selling Opportunity Today! Trendline Breakthrough!

Daily Analysis GBPUSD

UK Employment Report Worsens

The Pound weakened after the UK unemployment data rose to 3.9 percent from 3.8 percent. Meanwhile, bonus-inclusive wage growth dropped to 6.1 percent from 6.2 percent. Employee growth was only 21,000, down from 72,000.

Trendline Breakthrough

The up trendline seen on the H1 time frame has been breached, with a pullback occurring towards the resistance area near that trendline. Sell signal confirmation can be sought in the resistance area and around that trendline.

Prediction: WEAK GBPUSD


  • R1 1.28333
  • R2 1.27924
  • R3 1.28567
  • R4 1.28903


  • S1 1.27924
  • S2 1.28333
  • S3 1.27784
  • S4 1.27338

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