GBPUSD H4 9 April 2024
GBPUSD H4 9 April 2024
Yesterday, the GBP/USD pair experienced an uptick, though it presently confronts a formidable resistance at the 1.2660 mark. This dynamic primarily stems from a tepid U.S. dollar performance, as market participants await the critical U.S. Consumer Price Index (CPI) data scheduled for release tomorrow. Nevertheless, the Pound's momentum remains muted; recent labour market data and inflation indicators have sparked discussions regarding a potential rate cut by the Bank of England (BoE), exerting downward pressure on Sterling.
GBP/USD traded higher but was rejected at its near-resistance level of 1.2660. Suggests the bullish momentumremains intact with the pair.
Resistance level: 1.2660, 1.2760📉
Support level: 1.2540, 1.2440📈
Yesterday, the GBP/USD pair experienced an uptick, though it presently confronts a formidable resistance at the 1.2660 mark. This dynamic primarily stems from a tepid U.S. dollar performance, as market participants await the critical U.S. Consumer Price Index (CPI) data scheduled for release tomorrow. Nevertheless, the Pound's momentum remains muted; recent labour market data and inflation indicators have sparked discussions regarding a potential rate cut by the Bank of England (BoE), exerting downward pressure on Sterling.
GBP/USD traded higher but was rejected at its near-resistance level of 1.2660. Suggests the bullish momentumremains intact with the pair.
Resistance level: 1.2660, 1.2760📉
Support level: 1.2540, 1.2440📈
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.