GBP stable waiting for news
Updated
Dear valued readers,
GBP/USD has been steadily declining since it broke away from the 1.228 peak. As of writing, GU is trading at 1.2171. The upward trend is strong, with stable trading activity on the 1-hour timeframe. The next resistance levels can be seen at 1.2250, 1.2300, and 1.2340.
Therefore, the speech by the Fed Chairman is highly anticipated, and we expect that the current trading developments will not have significant changes tonight. This will help provide a clearer direction for GU. What are your thoughts on this matter? Do you agree with me?
GBP/USD has been steadily declining since it broke away from the 1.228 peak. As of writing, GU is trading at 1.2171. The upward trend is strong, with stable trading activity on the 1-hour timeframe. The next resistance levels can be seen at 1.2250, 1.2300, and 1.2340.
Therefore, the speech by the Fed Chairman is highly anticipated, and we expect that the current trading developments will not have significant changes tonight. This will help provide a clearer direction for GU. What are your thoughts on this matter? Do you agree with me?
Trade active
Trade closed: target reached
Note
I am confident that the next support level will be breached
Note
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.