🔔🔔🔔GBP/USD news:
➡️The GBP/USD pair continued its upward momentum on Wednesday, trading around 1.4330, as the U.S. dollar saw a slight decline. Atlanta Federal Reserve President Raphael Bostic noted that Moody's credit downgrade could have wider ripple effects across the economy, adding that it may take another three to six months to fully assess how uncertainty will ease.
➡️Rising inflation was anticipated by the Bank of England (BoE), but concerns persist. In general, stronger-than-expected CPI data suggests the BoE may adopt a more hawkish stance and hold off on rate cuts, which supports a stronger pound. Conversely, weaker inflation data could open the door to additional rate reductions.
Personal opinion:
➡️ The USD continues to decline due to many weakening factors. This is an opportunity for GBP/USD to accelerate stronger.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA and trend lines to come up with a suitable strategy
Personal plan today:
🔆Price Zone Setup:
👉Buy GBP/USD 1.3400 - 1.3390
❌SL: 1.3350 | ✅TP: 1.3460
FM wishes you a successful trading day 💰💰💰
➡️The GBP/USD pair continued its upward momentum on Wednesday, trading around 1.4330, as the U.S. dollar saw a slight decline. Atlanta Federal Reserve President Raphael Bostic noted that Moody's credit downgrade could have wider ripple effects across the economy, adding that it may take another three to six months to fully assess how uncertainty will ease.
➡️Rising inflation was anticipated by the Bank of England (BoE), but concerns persist. In general, stronger-than-expected CPI data suggests the BoE may adopt a more hawkish stance and hold off on rate cuts, which supports a stronger pound. Conversely, weaker inflation data could open the door to additional rate reductions.
Personal opinion:
➡️ The USD continues to decline due to many weakening factors. This is an opportunity for GBP/USD to accelerate stronger.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA and trend lines to come up with a suitable strategy
Personal plan today:
🔆Price Zone Setup:
👉Buy GBP/USD 1.3400 - 1.3390
❌SL: 1.3350 | ✅TP: 1.3460
FM wishes you a successful trading day 💰💰💰
Trade active
Personal plan Hit + 110 pips from buy 1.3390
Successful plan
Trade closed: target reached
Complete the original plan
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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.