🔔🔔🔔GBP/USD news:
➡️ The British Pound (GBP) extended its previous day’s rebound, rising toward 1.2850 against the U.S. Dollar (USD) during Wednesday’s European session. The GBP/USD pair gained as the U.S. dollar remains under selling pressure amid growing concerns that the United States may enter a recession this year. TheU.S. Dollar Index (DXY), which measures the greenback against a basket of six major currencies, dropped sharply toward the 102.00 level.
➡️ A renewed escalation in the U.S.-China trade conflict has heightened fears of a U.S. trade conflict. recession. recession. On Tuesday, President Donald Trump signed an order raising tariffs on Chinese goods to 104% after Beijing responded with retaliatory measures. Trump also accused China of currency manipulation to offset the impact of higher tariffs.
Personal opinion:
➡️ The US-China trade war is getting hotter, which will be detrimental to the USD, supporting the GBP/USD currency pair. Therefore, GBP/USD remains within the uptrend line.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.2815 – 1.2800
❌SL: 1.2760 | ✅TP: 1.2865 – 1.2900
FM wishes you a successful trading day 💰💰💰
➡️ The British Pound (GBP) extended its previous day’s rebound, rising toward 1.2850 against the U.S. Dollar (USD) during Wednesday’s European session. The GBP/USD pair gained as the U.S. dollar remains under selling pressure amid growing concerns that the United States may enter a recession this year. TheU.S. Dollar Index (DXY), which measures the greenback against a basket of six major currencies, dropped sharply toward the 102.00 level.
➡️ A renewed escalation in the U.S.-China trade conflict has heightened fears of a U.S. trade conflict. recession. recession. On Tuesday, President Donald Trump signed an order raising tariffs on Chinese goods to 104% after Beijing responded with retaliatory measures. Trump also accused China of currency manipulation to offset the impact of higher tariffs.
Personal opinion:
➡️ The US-China trade war is getting hotter, which will be detrimental to the USD, supporting the GBP/USD currency pair. Therefore, GBP/USD remains within the uptrend line.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.2815 – 1.2800
❌SL: 1.2760 | ✅TP: 1.2865 – 1.2900
FM wishes you a successful trading day 💰💰💰
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✅ t.me/+Y9T5_BwC7_JhMWM1
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.