British Pound / U.S. Dollar
Long
Updated

GBPUSD:Sharing of the Trading Strategy for Next Week

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Current price: 1.3580. The daily chart shows firm support at the key level of 1.3500, with resistance at the upper Bollinger Band of 1.3650. The MACD red bars are expanding, and the RSI has risen to 62 (strong but not overbought), indicating a sustained short-term upward trend.

Fundamental Drivers:

Bullish Catalysts:
The UK’s May PMI data unexpectedly rebounded to 52.3, reflecting robust economic resilience.
Market expectations peg the probability of a 25BP rate hike by the Bank of England (BoE) in June at 70%, supporting the GBP through interest rate differentials.
Risk Warning:
Renewed disagreements in UK-EU negotiations over the Northern Ireland Protocol warrant caution about political risk disruptions.

Key Monitoring Points:
Focus on the BoE’s meeting minutes and developments in US-EU trade policies.

Trading Recommendations:
Trading Strategy:
buy@1.3500
TP:1.3650-1.3720

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Sharing of the Trading Strategy for Next Week

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