GBPUSD Forex Analysis for Today, Monday (15-07-2024)
BUY Opportunity for GBPUSD: Ascending Triangle Pattern
Analysis GBPUSD
US Inflation Slows Down
US CPI data, one of the inflation indicators monitored by the Fed, has slowed down, increasing market expectations that the Fed will start a rate-cutting cycle this September.
Ascending Triangle Pattern
An ascending triangle pattern is visible on the H1 time frame. Buying opportunities can be sought at the upper line of the pattern.
Forecast: STRONG GBPUSD
Resistance
- R1 1.28902
- R2 1.30126
- R3 1.30780
- R4 1.31484
Support
- S1 1.28000
- S2 1.29000
- S3 1.23000
- S4 1.31000
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