British Pound / U.S. Dollar
Long
Updated

GBPUSD - 29 April, Find the uptrend retracement zone

127
GBPUSD trend forecast April 29 , 2025


💬The GBP/USD pair faces some selling pressure around 1.3425 during the early Asian session on Tuesday, weighed down by a modest recovery in the US Dollar (USD). Investors are now turning their focus to an upcoming speech by Bank of England (BoE) official Dave Ramsden for fresh direction.

The Greenback gains ground against the British Pound (GBP) as concerns over trade tensions ease. On Friday, China announced exemptions for certain US imports from its 125% tariffs, boosting optimism that the trade war between the US and China might soon conclude, although China promptly dismissed US President Donald Trump's claims that active trade talks were taking place.

💬 The British pound rose sharply at the beginning of the week, investors believe that the pound is safer than the USD at present due to tense tariff policies. Currently, the price tends to decrease slightly, looking for retracement points to continue to increase.


🥇/// BUY GBPUSD : zone 1.33850 - 1.33700

SL: 1.33450

TP: 40 - 60 - 100pips ( 1.34700 )



Safe and profitable trading
Trade active
+ 40 pips, signal BUY GBPUSD ( 1.33850 - 1.33700 ) , great
Trade closed: target reached
Exactly increase trend , great signal BUY today

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