🔔🔔🔔GBP/USD news:
➡️ The British Pound edged lower below 1.3400 against the U.S. Dollar during Tuesday’s European session, retreating from a fresh three-year high of 1.3445 reached earlier in the day. The decline came as traders grew increasingly confident that the Bank of England (BoE) will cut interest rates at its May policy meeting. This dovish shift is largely driven by weakening UK inflation expectations and rising concerns over global economic stress.
Personal opinion:
➡️ The USD is showing good signs of recovery during the day, plus not very positive news from GBP. So GBP/USD will maintain its downward momentum in the coming time
➡️ GBP/USD is showing signs of a recovery after reaching the overbought level
➡️ Analysis based on resistance - support levels combined with EMA and trend lines to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉sell GBP/USD 1.3410 - 1.3400
❌SL: 1.3460 | ✅TP: 1.3345 - 1.3270
FM wishes you a successful trading day 💰💰💰
➡️ The British Pound edged lower below 1.3400 against the U.S. Dollar during Tuesday’s European session, retreating from a fresh three-year high of 1.3445 reached earlier in the day. The decline came as traders grew increasingly confident that the Bank of England (BoE) will cut interest rates at its May policy meeting. This dovish shift is largely driven by weakening UK inflation expectations and rising concerns over global economic stress.
Personal opinion:
➡️ The USD is showing good signs of recovery during the day, plus not very positive news from GBP. So GBP/USD will maintain its downward momentum in the coming time
➡️ GBP/USD is showing signs of a recovery after reaching the overbought level
➡️ Analysis based on resistance - support levels combined with EMA and trend lines to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉sell GBP/USD 1.3410 - 1.3400
❌SL: 1.3460 | ✅TP: 1.3345 - 1.3270
FM wishes you a successful trading day 💰💰💰
Trade active
FM Personal Plan
Hit +45 pips from Sell 1.3410
The plan is on track.
Trade closed: target reached
GBP/USD continues to decline, positive news from trade talks has supported the USD. The plan is aiming for the second target.
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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.