GBPUSD Forex Analysis for Today – Wednesday (06-03-2024)
Seek BUY Opportunities, GBPUSD Correction to Trendline
Daily GBPUSD Analysis
Dollar Experiences Correction
USD corrected last night after economic data showed a slowdown in growth in the service sector. The market’s current focus shifts to Powell’s statements before Congress and US employment data.
Correction to Trendline
Prices appear to be undergoing correction towards the accelerating area or sub-trendline. Look for buy opportunities as long as prices do not fall below the support area.
Prediction: STRONG GBPUSD
Resistance Levels
- R1: 1.27084
- R2: 1.26509
- R3: 1.27310
- R4: 1.27690
Support Levels
- S1: 1.26509
- S2: 1.26509
- S3: 1.26275
- S4: 1.25970
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