GBPUSD Forex Analysis for Today – Monday(18-03-2024)
Prepare for Buying Opportunity in GBPUSD! Potential Bullish Continuation!
Daily Analysis GBPUSD
Economic News
The US dollar weakened due to a decline in US government bond yields.
Potential Bullish Continuation
Prices are likely to pull back to the area where resistance becomes support, with potential for bullish continuation on the H4 time frame. Confirmation of buy signals can be sought as long as the price moves above the support.
Prediction: STRONG GBPUSD
Resistance
- R1 1.27101
- R2 1.25112
- R3 1.27996
- R4 1.28926
Support
- S1 1.25112
- S2 1.27101
- S3 1.24455
- S4 1.23695
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