GBPUSD Forex Analysis for Today, Friday(22-03-2024)
Check SELL OPPORTUNITY for GBPUSD NOW! Price Drops, Monitor Support Break
Daily Analysis GBPUSD
BoE Holds Interest Rates
The British Pound weakened after the Bank of England held interest rates as expected, although BoE Governor Andrew Bailey said there are signs that inflation is starting to decline.
Significant Drop, Monitor Support
Prices are still held in the support area, but bearish pressure remains strong technically. A breakthrough of the support area will strengthen the bearish pressure and increase selling opportunities.
Prediction: WEAK GBPUSD
Resistance
- R1 1.26775
- R2 1.26392
- R3 1.26941
- R4 1.27225
Support
- S1 1.26392
- S2 1.26775
- S3 1.26187
- S4 1.25981
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