🔔🔔🔔GBP/USD news:
👉According to the CME FedWatch tool, the Federal Reserve (Fed) is almost certain to keep interest rates unchanged in the 4.25%-4.50% range for the second consecutive time. As a result, the key driver for the US dollar will be the Fed's dot plot, which reflects' expectations for the federal funds rate in the medium and long term, along with the Federal Open Market Committee's (FOMC) Summary of Economic Projections (SEP).
👉Analysts at Fitch estimate that the tariff shock could “increase inflationary pressure by one percentage point” in the near term. This scenario would likely prevent Fed officials from cutting interest rates before the final quarter of the year. However, the CME FedWatch tool still indicates that the Fed may implement a rate cut in its June meeting.
👉Meanwhile, the Bank of England (BoE) is expected to maintain its interest rate at 4.5%, with a voting split of 7-2. BoE Monetary Policy Committee (MPC) members Catherine Mann and Swati Dhingra are likely to support a rate cut, while the other seven policymakers are expected to vote to keep rates unchanged. Investors will also closely monitor comments from BoE Governor Andrew Bailey regarding the UK’s economic outlook, particularly in light of US President Donald Trump’s tariff policies.
Personal opinion:
👉GBP/USD will trade in a range while awaiting the FOMC
👉Currently, the pair’s RSI is approaching oversold territory and strong support at 1.2942, so a rebound is likely. Everyone pay attention to trading to be able to buy at a bargain price for yourself
Analysis:
👉Based on resistance - support levels and Pivot points combined with trend lines and SMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.2945 – 1.2930
❌SL: 1.2895 | ✅TP: 1.2990 – 1.3020
FM wishes you a successful trading day 💰💰💰
👉According to the CME FedWatch tool, the Federal Reserve (Fed) is almost certain to keep interest rates unchanged in the 4.25%-4.50% range for the second consecutive time. As a result, the key driver for the US dollar will be the Fed's dot plot, which reflects' expectations for the federal funds rate in the medium and long term, along with the Federal Open Market Committee's (FOMC) Summary of Economic Projections (SEP).
👉Analysts at Fitch estimate that the tariff shock could “increase inflationary pressure by one percentage point” in the near term. This scenario would likely prevent Fed officials from cutting interest rates before the final quarter of the year. However, the CME FedWatch tool still indicates that the Fed may implement a rate cut in its June meeting.
👉Meanwhile, the Bank of England (BoE) is expected to maintain its interest rate at 4.5%, with a voting split of 7-2. BoE Monetary Policy Committee (MPC) members Catherine Mann and Swati Dhingra are likely to support a rate cut, while the other seven policymakers are expected to vote to keep rates unchanged. Investors will also closely monitor comments from BoE Governor Andrew Bailey regarding the UK’s economic outlook, particularly in light of US President Donald Trump’s tariff policies.
Personal opinion:
👉GBP/USD will trade in a range while awaiting the FOMC
👉Currently, the pair’s RSI is approaching oversold territory and strong support at 1.2942, so a rebound is likely. Everyone pay attention to trading to be able to buy at a bargain price for yourself
Analysis:
👉Based on resistance - support levels and Pivot points combined with trend lines and SMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.2945 – 1.2930
❌SL: 1.2895 | ✅TP: 1.2990 – 1.3020
FM wishes you a successful trading day 💰💰💰
Trade active
Missed 10 pips to enter 1.2945missed 60 pips profit
what a pity
Trade closed: target reached
GBP/USD hits resistance and turns down
✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.
✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.