GBP/USD is in an uptrend, with support at 1.34760 and resistance at 1.36190. EMA (34) at 1.35277 and EMA (89) at 1.34379 are supporting the uptrend.
UK inflation data dropping has strengthened GBP, while USD remains volatile due to expectations of Fed rate hikes. If GBP/USD stays above 1.34760, the uptrend will likely continue.
However, if the price breaks below this level, a deeper correction may occur. The strategy is to buy on a pullback to 1.34760 and sell if support is broken. Manage risk by placing stop-loss orders around key support levels.
UK inflation data dropping has strengthened GBP, while USD remains volatile due to expectations of Fed rate hikes. If GBP/USD stays above 1.34760, the uptrend will likely continue.
However, if the price breaks below this level, a deeper correction may occur. The strategy is to buy on a pullback to 1.34760 and sell if support is broken. Manage risk by placing stop-loss orders around key support levels.
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Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.