GBPUSD short-term decline, analysis today
Updated
Hello everyone, this is Darius!
GBPUSD experienced a significant increase during yesterday's trading session. This is considered a strong recovery from the previous sideways movement around the 1.205 level.
The closely monitored NFP report in the United States will play an important role in influencing market expectations regarding future interest rate hikes by the Fed.
On the 4-hour chart, there are indications of an emerging upward trend, suggesting potential buying opportunities at 1.221 and possibly even higher at 1.226.
GBPUSD experienced a significant increase during yesterday's trading session. This is considered a strong recovery from the previous sideways movement around the 1.205 level.
The closely monitored NFP report in the United States will play an important role in influencing market expectations regarding future interest rate hikes by the Fed.
On the 4-hour chart, there are indications of an emerging upward trend, suggesting potential buying opportunities at 1.221 and possibly even higher at 1.226.
Note
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