GBPUSD Forex Analysis for Today, Thursday(18-04-2024)






GBPUSD Forex Analysis for Today, Thursday(18-04-2024)

GBPUSD Forex Analysis for Today, Thursday(18-04-2024)

Find Selling Opportunities in GBPUSD Now, Prices Held at Resistance

Daily Analysis of GBPUSD

UK Inflation Slows Down

UK inflation continues to slow down, and the release of March inflation data is not as strong as expected. The inflation rate has fallen to its lowest level since September 2021.

Prices Moving Under Pressure

Prices are still under bearish pressure, testing the resistance area. Confirmation of a selling signal can be sought if there is a pullback to the nearest resistance area.

Prediction: WEAK GBPUSD

Resistance

  • R1 1.25145
  • R2 1.24700
  • R3 1.25434
  • R4 1.25744

Support

  • S1 1.24700
  • S2 1.25145
  • S3 1.24467
  • S4 1.24252


JustMarkets

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