GBPUSD Forex Analysis for Today, Tuesday (11-06-2024)
Seek SELL Opportunities in GBPUSD: Stuck in the Resistance Area
GBPUSD Analysis
GBPUSD Stable, Market Awaits US Inflation Data
GBPUSD is stable, with the market waiting for US inflation data that could influence the Fed’s interest rate decisions in the future. This week, the Fed is scheduled to announce its interest rates, expected to remain at 5.5 percent.
Sell in the Resistance Area
GBPUSD is still consolidating below the resistance area. Sell opportunities can be sought 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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