GBPUSD Forex Analysis for Today
SELL Opportunities for GBPUSD: Still Held by Downtrend Line
GBPUSD Analysis
Market Awaits BoE Decision
The Bank of England (BoE) is expected to cut interest rates this week from 5.25 percent to 5 percent. Additionally, UBS analysts forecast another cut of 25 basis points in November.
Still Below Downtrend Line
Prices are held in the trendline area seen on the H1 time frame. Look for confirmation of sell signals in that trendline area.
Prediction: WEAK GBPUSD
Resistance
- R1: 1.29200
- R2: 1.29000
- R3: 1.28800
- R4: 1.28600
Support
- S1: 1.28973
- S2: 1.28572
- S3: 1.28358
- S4: 1.28160
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. XM broker 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