GBPUSD Forex Analysis for Today – Friday(23-02-2024)
Still an Opportunity to SELL GBPUSD: Price in Resistance Area
Daily Analysis GBPUSD
Dollar Lifted Due to Unemployment Claims
The dollar index lifted from a three-week low last night after weekly unemployment claims data showed significant improvement. The market continues to monitor economic data for clues about the Fed’s next steps.
Resistance Held in Upper Channel Area
Yesterday’s symmetrical triangle pattern failed, but prices are still held in the resistance area and upper channel area seen on the H4 time frame. Sell opportunities can be sought in the upper line or resistance area.
Prediction: WEAK GBPUSD
Resistance
- R1 1.27126
- R2 1.26531
- R3 1.27472
- R4 1.27753
Support
- S1 1.26531
- S2 1.27126
- S3 1.26393
- S4 1.26107
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