British Pound / U.S. Dollar
Long
Updated

GBP/USD holds within trend line and awaits FOMC

84
🔔🔔🔔GBP/USD news:

➡️ The GBP/USD pair rose on Tuesday, gaining 0.4% on the day and testing the 1.3400 level amid reports of a potential trade agreement between the U.S. and the UK, which would allow Britain to avoid the heavy trade tariffs being actively pursued by the Trump administration. However, the U.S. dollar later found support, limiting the pair's upward momentum as markets reacted to U.S. economic data.

Personal opinion:
➡️ The very important news today is the FOMC, so the market will move sideways and wait for this economic data. Therefore, GBP/USD will maintain within the trend line

➡️ Analysis based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy

Personal Plan:
🔆Price Zone Setup:

👉Buy GBP/USD 1.3340 - 1.3330
❌SL: 1.3300 | ✅TP: 1.3380

FM wishes you a successful trading day 💰💰💰
Trade active
snapshot

personal plan:
hit + 40 pips from sell 1.3330

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