GBPUSD trend forecast April 2 , 2025
💬The GBP/USD pair struggles to build on its overnight rebound from around the 1.2870 support zone, which marks a multi-week low reached last Thursday. During the Asian session on Wednesday, the pair remains range-bound, fluctuating within a narrow band. Currently, spot prices are hovering around the 1.2915-1.2920 region, showing little change for the day, as traders await US President Donald Trump's announcement on reciprocal tariffs before making fresh directional moves.
Meanwhile, investors remain cautious amid the growing risk of a global trade war, particularly after Trump dismissed hopes that the tariffs would be restricted to a smaller group of countries with the largest trade imbalances. The UK anticipates being impacted by the new US tariffs, with little expectation of securing an exemption deal in time. This, in turn, weighs on the British Pound (GBP) and limits the upside potential for the GBP/USD pair.
💬 GBPUSD is trading mainly sideways following the 2 H1 trendlines, waiting for the Trump administration's tariff information. The price line is below the EMA, favoring a downtrend.
🥇/// SELL GBPUSD : zone 1.29200 - 1.29300
SL: 1.29500
TP: 40 - 60 - 100pips ( 1.28300 )
Safe and profitable trading
💬The GBP/USD pair struggles to build on its overnight rebound from around the 1.2870 support zone, which marks a multi-week low reached last Thursday. During the Asian session on Wednesday, the pair remains range-bound, fluctuating within a narrow band. Currently, spot prices are hovering around the 1.2915-1.2920 region, showing little change for the day, as traders await US President Donald Trump's announcement on reciprocal tariffs before making fresh directional moves.
Meanwhile, investors remain cautious amid the growing risk of a global trade war, particularly after Trump dismissed hopes that the tariffs would be restricted to a smaller group of countries with the largest trade imbalances. The UK anticipates being impacted by the new US tariffs, with little expectation of securing an exemption deal in time. This, in turn, weighs on the British Pound (GBP) and limits the upside potential for the GBP/USD pair.
💬 GBPUSD is trading mainly sideways following the 2 H1 trendlines, waiting for the Trump administration's tariff information. The price line is below the EMA, favoring a downtrend.
🥇/// SELL GBPUSD : zone 1.29200 - 1.29300
SL: 1.29500
TP: 40 - 60 - 100pips ( 1.28300 )
Safe and profitable trading
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
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.