GBPUSD - 13 Jan - support H4, Recovery
Updated
GBPUSD trend forecast January 13, 2025
The GBP/USD pair consolidates in a bearish trajectory at the beginning of the week, trading near the 1.2200 mark during the Asian session, its lowest level since November 2023. The overall fundamental backdrop favors bearish traders, suggesting that the path of least resistance remains tilted to the downside.
The British Pound (GBP) continues to underperform due to rising concerns about stagflation in the UK, driven by persistent inflation and stagnant economic growth. Additionally, the recent increase in UK government bond yields has amplified worries about the nation’s fiscal stability, further pressuring the GBP. These factors, combined with the strength of the US Dollar (USD), reinforce a pessimistic outlook for the GBP/USD pair.
GBpusd declines heavily, UK economy continues to stagnate, 1.21500 support zone is strong, price reacts bullishly
/// BUY GBPUSD : zone 1.21600 - 1.21300
SL: 1.21100
TP: 40 - 80 - 200pips ( 1.23300)
Safe and profitable trading
The GBP/USD pair consolidates in a bearish trajectory at the beginning of the week, trading near the 1.2200 mark during the Asian session, its lowest level since November 2023. The overall fundamental backdrop favors bearish traders, suggesting that the path of least resistance remains tilted to the downside.
The British Pound (GBP) continues to underperform due to rising concerns about stagflation in the UK, driven by persistent inflation and stagnant economic growth. Additionally, the recent increase in UK government bond yields has amplified worries about the nation’s fiscal stability, further pressuring the GBP. These factors, combined with the strength of the US Dollar (USD), reinforce a pessimistic outlook for the GBP/USD pair.
GBpusd declines heavily, UK economy continues to stagnate, 1.21500 support zone is strong, price reacts bullishly
/// BUY GBPUSD : zone 1.21600 - 1.21300
SL: 1.21100
TP: 40 - 80 - 200pips ( 1.23300)
Safe and profitable trading
Trade active
+ 30 pips , signal BUY GBPUSD ( from entry 1.21300 ) Trade closed: target reached
GBPUSD continues sideways around the 1.21400 price range
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