GBPUSD Forex Analysis for Today, Thursday(01-02-2024)
Opportunity to SELL GBPUSD: Wait for Support Break
Daily GBPUSD Analysis
Dollar Rebounds Due to Powell’s Statement
The dollar strengthens again following statements from Fed Chair, Jerome Powell, further reducing the likelihood of a rate cut in March.
Supported at Support, Sell on Break
Prices are held at the support area. The observed spike will confirm the selling opportunity if the support is breached.
Prediction: WEAK GBPUSD
Resistance
- R1 1.27022
- R2 1.26550
- R3 1.27195
- R4 1.27583
Support
- S1 1.26550
- S2 1.27022
- S3 1.26398
- S4 1.26054
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