GBPUSD Forex Analysis for Today, Monday(25-03-2024)
It’s Time to Seek BUY OPPORTUNITIES for GBPUSD! Drop Held at Support
Daily Analysis GBPUSD
Bank of England Likely to Follow Rate Cut
The Bank of England appears to be following the Federal Reserve’s move to cut interest rates in June, following the dovish stance shown by the BoE where two previously hawkish officials turned dovish.
Held in Support Area
Prices are still held in the support area despite bearish pressure still apparent. Look for buy signal confirmation in that support area.
Prediction: STRONG GBPUSD
Resistance
- R1 1.25911
- R2 1.25679
- R3 1.26187
- R4 1.26487
Support
- S1 1.25679
- S2 1.25911
- S3 1.25494
- S4 1.25287
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