🔔🔔🔔GBP/USD news:
➡️ The GBP/USD pair began Thursday with a series of gains, but the upward momentum behind the British Pound quickly faded as market focus shifted to trade-related headlines from the United States. Additionally, the US Dollar strengthened against other major currencies after the Federal Reserve maintained its policy rate at 4.25%-4.5% and adopted a cautious stance toward future policy easing.
Personal opinion:
➡️ In the short term, GBP/USD will still be suppressed by positive news for the USD
➡️ However, GBP/USD is oversold and will have a period of recovery before GBP/USD continues its upward momentum
➡️Analysis based on resistance - support levels combined with trend lines and RSI to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell GBP/USD 1.3250 - 1.3260
❌SL: 1.3295 | ✅TP: 1.3200
FM wishes you a successful trading day 💰💰💰
➡️ The GBP/USD pair began Thursday with a series of gains, but the upward momentum behind the British Pound quickly faded as market focus shifted to trade-related headlines from the United States. Additionally, the US Dollar strengthened against other major currencies after the Federal Reserve maintained its policy rate at 4.25%-4.5% and adopted a cautious stance toward future policy easing.
Personal opinion:
➡️ In the short term, GBP/USD will still be suppressed by positive news for the USD
➡️ However, GBP/USD is oversold and will have a period of recovery before GBP/USD continues its upward momentum
➡️Analysis based on resistance - support levels combined with trend lines and RSI to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell GBP/USD 1.3250 - 1.3260
❌SL: 1.3295 | ✅TP: 1.3200
FM wishes you a successful trading day 💰💰💰
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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.