Hi there,
The GBP/USD pair is showing a bullish trend. If GDP growth surpasses expectations, it could enhance investor confidence in the UK economy, resulting in a rise in the pound (GBP) against the US dollar (USD).
The US imposition of tariffs on imports from Mexico, Canada, and China has weakened the US dollar, aiding the pound's appreciation against the USD.
Market Outlook: GBP/USD is anticipated to maintain its bullish trend, with possible targets around 1.28641 if it manages to break two resistance levels. A drop below 1.27240 will invalidate the setup.
Happy Trading,
K.
Not trading advice.
The GBP/USD pair is showing a bullish trend. If GDP growth surpasses expectations, it could enhance investor confidence in the UK economy, resulting in a rise in the pound (GBP) against the US dollar (USD).
The US imposition of tariffs on imports from Mexico, Canada, and China has weakened the US dollar, aiding the pound's appreciation against the USD.
Market Outlook: GBP/USD is anticipated to maintain its bullish trend, with possible targets around 1.28641 if it manages to break two resistance levels. A drop below 1.27240 will invalidate the setup.
Happy Trading,
K.
Not trading advice.
Trade closed: target reached
That is fine
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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.