GBPUSD Forex Analysis for Today, Monday (26-02-2024)
Opportunity to BUY GBPUSD: Correction to Support Area
Daily GBPUSD Analysis
Dollar Corrects
GBPUSD was lifted on Friday as a result of the correction in the USD, as market participants took a pause and partly profited from the rally that occurred in the USD.
Correction Held at Support
Prices are still seen moving above the uptrend on the H1 time frame. Correction occurs to the support area. Note that Friday’s high did not exceed Thursday’s high, so there is a possibility of a deeper correction. Pay attention to the trendline area as well to seek buying opportunities.
Prediction: STRONG GBPUSD
Resistance
- R1: 1.26672
- R2: 1.25969
- R3: 1.26784
- R4: 1.27085
Support
- S1: 1.25969
- S2: 1.26672
- S3: 1.25783
- S4: 1.25497
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