GBPUSD Forex Analysis for Today, Monday (10-06-2024)
Opportunities to SELL GBPUSD: Monitor Resistance Area
GBPUSD Analysis
USD Strengthens Post US NFP
The stronger-than-expected US non-farm payrolls data strengthens the USD and causes GBPUSD to weaken. The Fed is again expected to delay interest rate cuts this year.
Sell in Resistance Area
GBPUSD is under pressure and consolidating below the resistance area. Selling opportunities can be taken if there is a pullback to the resistance area.
Forecast: WEAK GBPUSD
Resistance Levels
- R1 1.28279
- R2 1.27802
- R3 1.28502
- R4 1.28695
Support Levels
- S1 1.27397
- S2 1.28279
- S3 1.27143
- S4 1.26795
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