Trump announced a 90-day suspension of the new tariff plan for most of his trading partners, which has, to some extent, reduced the systemic risks in the market and warmed up the risk appetite. The British pound, due to its nature as a risk currency, has become a beneficiary in the improvement of the global sentiment. At the same time, global stock markets plunged this week due to the uncertainty of trade policies, but the GBPUSD rose against the trend, indicating that the market has a strong bullish sentiment towards the British pound. This sentiment is likely to continue next week.
GBPUSD broke through some key resistance levels this week, such as the 1.3000 mark, opening up room for further upward movement. In the short term, although the RSI has reached a highly overbought level, if the bullish sentiment in the market is strong enough, the GBPUSD still has the potential to continue rising, breaking through the recent high of 1.3145. The next resistance levels might be at 1.3200 and even higher.
GBPUSD trading strategy
buy @：1.30400-1.30480
sl 1.29950
tp 1.30750-1.30810
If you approve of my analysis, you can give it a thumbs-up as support. If you have different opinions, you can leave your thoughts in the comments.Thank you!
GBPUSD broke through some key resistance levels this week, such as the 1.3000 mark, opening up room for further upward movement. In the short term, although the RSI has reached a highly overbought level, if the bullish sentiment in the market is strong enough, the GBPUSD still has the potential to continue rising, breaking through the recent high of 1.3145. The next resistance levels might be at 1.3200 and even higher.
GBPUSD trading strategy
buy @：1.30400-1.30480
sl 1.29950
tp 1.30750-1.30810
If you approve of my analysis, you can give it a thumbs-up as support. If you have different opinions, you can leave your thoughts in the comments.Thank you!
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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.
Join my free Telegram channel right away and achieve financial freedom.
👉👉👉 t.me/+xZQ4ipz0cXc1ZjU0
👉👉👉 t.me/+xZQ4ipz0cXc1ZjU0
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.