GBPUSD- 4 Mar, retrace to BUY breakout entry

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GBPUSD trend forecast March 4, 2025

💬On Monday, US President Donald Trump reiterated his threats to implement a 25% tariff package on Canada and Mexico, set to take effect automatically at midnight EST on Tuesday. While markets have grown accustomed to Trump delaying his own policy threats since taking office in January, this time could be different, causing market sentiment to waver.

This week, the UK economic calendar remains relatively light, leaving markets to grapple with the weight of tariff concerns alongside the highly anticipated Nonfarm Payrolls (NFP) report scheduled for release on Friday.

💬 H1 uptrend continues, retrace to retest BUY entry according to trendline

🥇/// BUY GBPUSD: zone 1.26800 - 1.26600

SL: 1.26300

TP: 40 - 60 - 120pips ( 1.27800 )


Safe and profitable trading
Trade active
GBPUSD price touched 1.26830 then rose above 1.27200 zone
Trade closed: target reached
GBPUSD: great trend as predicted

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