GBPUSD Forex Analysis for Today, Friday (14-06-2024)
GBPUSD Could SELL If Support Breaks Again
GBPUSD Analysis
Market Still Influenced by Hawkish Fed Stance
The weaker US PPI data has not significantly weakened the USD as the market remains influenced by the Fed’s hawkish stance. The Fed predicts only one rate cut this year.
Sell If Support Breaks
GBPUSD is still under pressure, testing the support area. Selling opportunities can be considered if there is another break below the support area.
Prediction: WEAK GBPUSD
Resistance Levels
- R1 1.28161
- R2 1.27834
- R3 1.28299
- R4 1.28593
Support Levels
- S1 1.27367
- S2 1.27834
- S3 1.27046
- S4 1.26859
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