How To Make Money Today: Daily Market Analysis and Forex Trading Signals, 31 May 2022

To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…

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GBP/USD

On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from our 1st support at 1.25494 where the horizontal overlap support is to our 1st resistance at 1.26708 in line with the 61.8% Fibonacci retracement, 100% Fibonacci projection and swing high resistance. Alternatively, price may break 1st support structure and head for 2nd support at 1.24741 where the horizontal overlap support is.

Areas of consideration:

H4 1st resistance at 1.26708
H4 1st support at 1.25494

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