GBP/USD PLAN – 09/06/2025: WILL WE SEE A BREAKOUT ABOVE 1.3550?
🌍 Macroeconomic & Fundamental Context:
UK Economic Outlook (BoE): The Bank of England (BoE) is under pressure due to inflation and has to make decisions regarding interest rate policy. Diverging opinions on whether to raise or lower rates are creating uncertainty in the market.
US Economic Outlook (Fed): The Federal Reserve's monetary policy continues to be a major influence on the USD, especially as the Fed maintains its rate hikes to control inflation.
US-UK Trade Relations: Trade negotiations between the US and the UK will remain an important factor this week, and any new developments could impact GBP/USD.
📉 Technical Analysis – GBP/USD:
On the H4 and H1 timeframes, GBP/USD is consolidating within a corrective structure, and price has broken several key Fibonacci levels. The EMA indicators (13, 34, 89) are showing strong momentum.
Key Resistance Levels:
1.3550 – This is a major resistance level. If broken, GBP/USD could continue its rally towards 1.3612.
Key Support Levels:
1.3520 – A short-term support level. If this breaks, price may retrace back to 1.3470.
🎯 Trading Scenarios for Today:
🟢 BUY ZONE:
Buy Zone: 1.3520 – 1.3500
SL: 1.3480
TP: 1.3550 → 1.3570 → 1.3600 → 1.3620 → 1.3650
If price retraces to 1.3520 – 1.3500, this would be an ideal buying opportunity with a target at 1.3550. Look for confirmation from technical indicators and the current trend.
🔴 SELL ZONE:
Sell Zone: 1.3550 – 1.3570
SL: 1.3590
TP: 1.3520 → 1.3500 → 1.3470 → 1.3450 → 1.3420
If price reaches the resistance zone of 1.3550 – 1.3570, consider selling with targets at the support levels below.
🟡 Scalping:
Buy Scalping: 1.3520 → 1.3500
Sell Scalping: 1.3570 → 1.3600
Look for short-term opportunities when price moves within the range.
⚠️ Important Notes:
Pay close attention to short-term fluctuations and any major economic data releases from the BoE and Fed.
Risk management is key during volatile periods.
📌 Conclusion:
GBP/USD is in a short-term corrective phase, but a breakout above 1.3550 could trigger a strong rally. Traders should monitor support and resistance levels carefully and ensure risk management is in place.
🌍 Macroeconomic & Fundamental Context:
UK Economic Outlook (BoE): The Bank of England (BoE) is under pressure due to inflation and has to make decisions regarding interest rate policy. Diverging opinions on whether to raise or lower rates are creating uncertainty in the market.
US Economic Outlook (Fed): The Federal Reserve's monetary policy continues to be a major influence on the USD, especially as the Fed maintains its rate hikes to control inflation.
US-UK Trade Relations: Trade negotiations between the US and the UK will remain an important factor this week, and any new developments could impact GBP/USD.
📉 Technical Analysis – GBP/USD:
On the H4 and H1 timeframes, GBP/USD is consolidating within a corrective structure, and price has broken several key Fibonacci levels. The EMA indicators (13, 34, 89) are showing strong momentum.
Key Resistance Levels:
1.3550 – This is a major resistance level. If broken, GBP/USD could continue its rally towards 1.3612.
Key Support Levels:
1.3520 – A short-term support level. If this breaks, price may retrace back to 1.3470.
🎯 Trading Scenarios for Today:
🟢 BUY ZONE:
Buy Zone: 1.3520 – 1.3500
SL: 1.3480
TP: 1.3550 → 1.3570 → 1.3600 → 1.3620 → 1.3650
If price retraces to 1.3520 – 1.3500, this would be an ideal buying opportunity with a target at 1.3550. Look for confirmation from technical indicators and the current trend.
🔴 SELL ZONE:
Sell Zone: 1.3550 – 1.3570
SL: 1.3590
TP: 1.3520 → 1.3500 → 1.3470 → 1.3450 → 1.3420
If price reaches the resistance zone of 1.3550 – 1.3570, consider selling with targets at the support levels below.
🟡 Scalping:
Buy Scalping: 1.3520 → 1.3500
Sell Scalping: 1.3570 → 1.3600
Look for short-term opportunities when price moves within the range.
⚠️ Important Notes:
Pay close attention to short-term fluctuations and any major economic data releases from the BoE and Fed.
Risk management is key during volatile periods.
📌 Conclusion:
GBP/USD is in a short-term corrective phase, but a breakout above 1.3550 could trigger a strong rally. Traders should monitor support and resistance levels carefully and ensure risk management is in place.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals Vip
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.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals Vip
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.