GBPUSD to increase - USD weakens, news today
GBPUSD trend forecast January 2, 2025
The GBP/USD pair trades defensively near 1.2510 during the Asian session on Thursday, under pressure from a broadly stronger US Dollar (USD). The Greenback gains support from expectations that the Federal Reserve will adopt a slower pace of monetary easing this year, limiting the upside for the Pound Sterling (GBP).
In its December meeting, the Fed reduced the Federal Funds Rate to a range of 4.25%-4.5%, slightly below the previous target of 4.5%-4.75%. Fed Chair Jerome Powell highlighted the importance of caution in further rate cuts, citing persistently high inflation. Powell noted that central bank officials foresee a higher inflation outlook and expect only two rate cuts in 2025, a reduction from the four projected in September.
GBPUSD H1 chart is showing decreasing selling pressure, supporting the uptrend, along with the forecasted weakening of the USD.
/// BUY GBPUSD : zone 1.24800- 1.24700
SL: 1.24450
TP: 50 - 70 - 100pips ( 1.25700)
Safe and profitable trading
The GBP/USD pair trades defensively near 1.2510 during the Asian session on Thursday, under pressure from a broadly stronger US Dollar (USD). The Greenback gains support from expectations that the Federal Reserve will adopt a slower pace of monetary easing this year, limiting the upside for the Pound Sterling (GBP).
In its December meeting, the Fed reduced the Federal Funds Rate to a range of 4.25%-4.5%, slightly below the previous target of 4.5%-4.75%. Fed Chair Jerome Powell highlighted the importance of caution in further rate cuts, citing persistently high inflation. Powell noted that central bank officials foresee a higher inflation outlook and expect only two rate cuts in 2025, a reduction from the four projected in September.
GBPUSD H1 chart is showing decreasing selling pressure, supporting the uptrend, along with the forecasted weakening of the USD.
/// BUY GBPUSD : zone 1.24800- 1.24700
SL: 1.24450
TP: 50 - 70 - 100pips ( 1.25700)
Safe and profitable trading
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
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.