GBPUSD Forex Analysis for Today, Monday (01-07-2024)
GBPUSD Re-tests Resistance, Look for SELL Opportunities
Analysis GBPUSD
UK Elections Become Market Focus
The weakness of GBP against USD has entered its 4th week. The market is currently focusing on the UK elections to be held on July 4th.
Monitor Resistance Area
Sterling’s strength is held at the resistance area. Selling opportunities can be considered if there is confirmation of a bearish signal when it pulls back to this resistance area again.
Prediction: Weak GBPUSD
Resistance
- R1 1.27000
- R2 1.26916
- R3 1.26800
- R4 1.26697
Support
- S1 1.26916
- S2 1.26535
- S3 1.26354
- S4 1.26183
Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.
forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast