🔔🔔🔔GBP/USD news:
➡️ GBP/USD is paring gains and retreating toward the 1.2750 level during Tuesday’s European session. The pair remains supported by renewed weakness in the U.S. Dollar and improved risk sentiment, though upside momentum is being capped by concerns over President Trump’s tariff war and fears of a global economic slowdown.
➡️ Meanwhile, in European trading, U.S. stock index futures are up between 1.5% and 2%, and the UK’s FTSE has risen by about 2%. With no major economic data releases scheduled, market sentiment and risk perception are likely to continue influencing the direction of the GBP/USD pair.
Personal opinion:
➡️ The GBP/USD pair is likely to continue to face selling pressure as many traders will turn to other safe-haven assets such as gold during the current uncertain times.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell GBP/USD 1.2740 – 1.2760
❌SL: 1.2800 | ✅TP: 1.2680 – 1.2630
FM wishes you a successful trading day 💰💰💰
➡️ GBP/USD is paring gains and retreating toward the 1.2750 level during Tuesday’s European session. The pair remains supported by renewed weakness in the U.S. Dollar and improved risk sentiment, though upside momentum is being capped by concerns over President Trump’s tariff war and fears of a global economic slowdown.
➡️ Meanwhile, in European trading, U.S. stock index futures are up between 1.5% and 2%, and the UK’s FTSE has risen by about 2%. With no major economic data releases scheduled, market sentiment and risk perception are likely to continue influencing the direction of the GBP/USD pair.
Personal opinion:
➡️ The GBP/USD pair is likely to continue to face selling pressure as many traders will turn to other safe-haven assets such as gold during the current uncertain times.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell GBP/USD 1.2740 – 1.2760
❌SL: 1.2800 | ✅TP: 1.2680 – 1.2630
FM wishes you a successful trading day 💰💰💰
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
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.