🔔🔔🔔 GBP/USD news:
➡️ The British pound (GBP) extended its intraday rally against the US dollar (USD) at the start of the week, with the GBP/USD pair climbing toward 1.3150 during Monday’s European session. It is now aiming to retest the six-month high of 1.3207, last seen on April 3, as investors continued to sell off the US dollar following the announcement of retaliatory tariffs between the United States and China.
➡️ The US Dollar Index (DXY), which measures the greenback’s value against a basket of six major currencies, dropped to around 99.00—its lowest level in three years.
Personal opinion:
➡️ Buyers are taking profits and pausing further upside momentum to monitor further news on the pair
➡️ The RSI is showing signs of falling after entering overbought territory.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with SMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell GBP/USD 1.3180 - 1.3200
❌SL:1.3230| ✅TP: 1.3125 - 1.3050
FM wishes you a successful trading day 💰💰💰
➡️ The British pound (GBP) extended its intraday rally against the US dollar (USD) at the start of the week, with the GBP/USD pair climbing toward 1.3150 during Monday’s European session. It is now aiming to retest the six-month high of 1.3207, last seen on April 3, as investors continued to sell off the US dollar following the announcement of retaliatory tariffs between the United States and China.
➡️ The US Dollar Index (DXY), which measures the greenback’s value against a basket of six major currencies, dropped to around 99.00—its lowest level in three years.
Personal opinion:
➡️ Buyers are taking profits and pausing further upside momentum to monitor further news on the pair
➡️ The RSI is showing signs of falling after entering overbought territory.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with SMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell GBP/USD 1.3180 - 1.3200
❌SL:1.3230| ✅TP: 1.3125 - 1.3050
FM wishes you a successful trading day 💰💰💰
Trade active
check GBP/USD hit TP1.3125 from Sell 1.3200
profit 75 pips
Con gratulation
Trade closed: target reached
hit support zone 1.312 and bouncedPlan is on track
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.