GBP/USD news:
🔆GBP/USD edged higher on Tuesday, pushing Cable towards the upper range of its recent consolidation and maintaining support near the 200-day Exponential Moving Average (EMA).
Meanwhile, US consumer sentiment declined in February, intensifying worries about an economic slowdown. Additionally, US President Donald Trump reiterated his plan to enforce hefty import tariffs, aiming to pressure the country's key trading partners amid ongoing trade war.
Personal opinion:
🔆Sideways price zone, GBP is about to be pressured by the rising dollar, short-term price increase
Technical analysis:
🔆H1 frame forms a double bottom pattern and recovers in the short term
Plan:
🔆Price Zone Setup:
👉BUY GBP/USD 1.26500 – 1.26400
❌SL: 1.26100 | ✅TP: 1.26800 – 1.27100 – 1.27500
FM wishes you a successful trading day đź’°đź’°đź’°
🔆GBP/USD edged higher on Tuesday, pushing Cable towards the upper range of its recent consolidation and maintaining support near the 200-day Exponential Moving Average (EMA).
Meanwhile, US consumer sentiment declined in February, intensifying worries about an economic slowdown. Additionally, US President Donald Trump reiterated his plan to enforce hefty import tariffs, aiming to pressure the country's key trading partners amid ongoing trade war.
Personal opinion:
🔆Sideways price zone, GBP is about to be pressured by the rising dollar, short-term price increase
Technical analysis:
🔆H1 frame forms a double bottom pattern and recovers in the short term
Plan:
🔆Price Zone Setup:
👉BUY GBP/USD 1.26500 – 1.26400
❌SL: 1.26100 | ✅TP: 1.26800 – 1.27100 – 1.27500
FM wishes you a successful trading day đź’°đź’°đź’°
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Join now !!!!
Channel: signals - knowledge and FOREX comments
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Channel: signals - knowledge and FOREX comments
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.