GBPUSD Forex Analysis for Today – Thursday (25-01-2024)
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Formation of Ranging Area! Is GBPUSD Getting Ready to SELL?
Daily Analysis of GBPUSD
Risk Appetite Improves, USD Declines
Despite a decline, the dollar successfully cuts its losses after data indicates an increase in business activity and a decrease in inflation. The Pound strengthens again.
Breaking High Resistance, Price Corrects
GBPUSD successfully surpasses its strong daily resistance. The price is observed not moving far from the formed ranging area; be cautious of correction opportunities today.
Conclusion: GBPUSD in a Weakened State
Resistance Levels
- R1: 1.27925
- R2: 1.27590
- R3: 1.28260
- R4: 1.28425
Support Levels
- S1: 1.27425
- S2: 1.27925
- S3: 1.26755
- S4: 1.26420
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