GBPUSD Forex Analysis for Today – Monday (24-06-2024)
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GBPUSD SELL Opportunity: Moving Below the Trendline
Analysis of GBPUSD
Strengthening USD Pressures GBPUSD
The strengthening USD and rising US bond yields are pressuring GBPUSD movements.
Monitor the Trendline Area
Prices are moving below the descending trendline visible on the H1 time frame. Selling opportunities can be explored if a pullback to that area occurs.
Forecast: WEAK GBPUSD
Resistance Levels
- R1: 1.27000
- R2: 1.26788
- R3: 1.26531
- R4: 1.26367
Support Levels
- S1: 1.26788
- S2: 1.26247
- S3: 1.26009
- S4: 1.25799
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