GBPUSD Forex Analysis for Today
Wednesday(07-02-2024)
Get Ready to SELL! GBPUSD Stalls at Resistance Again
Daily Analysis GBPUSD
Dollar Corrects From 3-Month High
The dollar corrects from a 3-month high. Analysts expect the correction due to technical factors following a rally triggered by the strengthening US non-farm payrolls data and Powell’s somewhat hawkish statements.
Monitor Resistance Area
The price strength is still held at resistance. Monitor this resistance area for potential selling opportunities today.
Prediction: WEAK GBPUSD
Resistance and Support Levels
Resistance
- R1 1.26689
- R2 1.25978
- R3 1.26907
- R4 1.27347
Support
- S1 1.25978
- S2 1.26689
- S3 1.25824
- S4 1.25350
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