GBPUSD Forex Analysis for Today, Tuesday (25-06-2024)
GBPUSD Held at Resistance, Seek SELL Opportunities
GBPUSD Analysis
Dollar Index Correction Lifts GBPUSD
The correction in the dollar index and US bond yields lifted GBPUSD movement, along with the return of market risk appetite at the beginning of the week. However, the market is still awaiting US consumer confidence data tonight, which is expected to improve.
Held at Resistance Area
The GBPUSD rise is held at the technical resistance area. SELL opportunities can be taken if there is a bearish signal confirmation in the resistance area.
Prediction: WEAK GBPUSD
Resistance
- R1 1.27500
- R2 1.27418
- R3 1.27001
- R4 1.26839
Support
- S1 1.27418
- S2 1.26604
- S3 1.26365
- S4 1.26111
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