Upside opportunity as USD falls due to sovereign credit rating
🔔🔔🔔GBP/USD news:
➡️ GBP/USD extended its gains on Monday, briefly surpassing the 1.3400 level as the U.S. Dollar weakened further, particularly in response to Moody’s decision to downgrade the U.S. credit rating by one notch.
➡️ With no major U.S. economic data scheduled for release in the latter half of the day, investors are likely to focus on comments from Federal Reserve officials for further direction.
Personal opinion:
➡️ The impact of the sovereign credit rating will continue to weigh on the USD in the coming period. Moreover, the US PPI data late last week proved weak. Therefore, GBP/USD still maintains its short-term bullish momentum.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.3300 - 1.3290
❌SL: 1.3250 |✅TP: 1.3355
FM wishes you a successful trading day 💰💰💰
➡️ GBP/USD extended its gains on Monday, briefly surpassing the 1.3400 level as the U.S. Dollar weakened further, particularly in response to Moody’s decision to downgrade the U.S. credit rating by one notch.
➡️ With no major U.S. economic data scheduled for release in the latter half of the day, investors are likely to focus on comments from Federal Reserve officials for further direction.
Personal opinion:
➡️ The impact of the sovereign credit rating will continue to weigh on the USD in the coming period. Moreover, the US PPI data late last week proved weak. Therefore, GBP/USD still maintains its short-term bullish momentum.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.3300 - 1.3290
❌SL: 1.3250 |✅TP: 1.3355
FM wishes you a successful trading day 💰💰💰
Trade active
GBP/USD sideways to the upside and remains within the trend line
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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.