🔔🔔🔔GBP/USD news:
👉At the beginning of the week, the Pound Sterling trades higher against most major currencies, except the Euro, as hopes for a Russia-Ukraine peace agreement provide support. Additionally, expectations that the Bank of England (BoE) will adopt a gradual approach to policy easing, along with optimism about a potential strong trade deal between the US and the UK, keep the British currency in a favorable position.
👉Meanwhile, U.S. President Donald Trump’s confirmation that a 25% tariff on imports from Canada and Mexico will take effect on March 4—along with an additional 10% tariff on Chinese goods—has led investors to reduce their exposure to the US Dollar. His recent discussions with Ukrainian President Volodymyr Zelenskyy in the Oval Office on Friday further influenced market sentiment.
👉Later in the American session, the US economic calendar will highlight the February ISM Manufacturing Purchasing Managers Index (PMI). If the PMI unexpectedly falls below 50, signaling a contraction in manufacturing activity, the USD could face immediate downside pressure, potentially benefiting the GBP/USD pair.
Personal opinion:
👉GBP/USD will maintain an upward trend in the medium term due to the impact of good news surrounding this pair.
👉Technically, GBP/USD will have a downward correction after touching the intersection between the resistance and SMA.
Analysis:
👉Based on important resistance - support and Fibonacci zones combined with the SMA indicator
Plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.2610 – 1.2600
❌SL: 1.2570 | ✅TP: 1.2650 – 1.2680 – 1.2710
FM wishes you a successful trading day 💰💰💰
👉At the beginning of the week, the Pound Sterling trades higher against most major currencies, except the Euro, as hopes for a Russia-Ukraine peace agreement provide support. Additionally, expectations that the Bank of England (BoE) will adopt a gradual approach to policy easing, along with optimism about a potential strong trade deal between the US and the UK, keep the British currency in a favorable position.
👉Meanwhile, U.S. President Donald Trump’s confirmation that a 25% tariff on imports from Canada and Mexico will take effect on March 4—along with an additional 10% tariff on Chinese goods—has led investors to reduce their exposure to the US Dollar. His recent discussions with Ukrainian President Volodymyr Zelenskyy in the Oval Office on Friday further influenced market sentiment.
👉Later in the American session, the US economic calendar will highlight the February ISM Manufacturing Purchasing Managers Index (PMI). If the PMI unexpectedly falls below 50, signaling a contraction in manufacturing activity, the USD could face immediate downside pressure, potentially benefiting the GBP/USD pair.
Personal opinion:
👉GBP/USD will maintain an upward trend in the medium term due to the impact of good news surrounding this pair.
👉Technically, GBP/USD will have a downward correction after touching the intersection between the resistance and SMA.
Analysis:
👉Based on important resistance - support and Fibonacci zones combined with the SMA indicator
Plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.2610 – 1.2600
❌SL: 1.2570 | ✅TP: 1.2650 – 1.2680 – 1.2710
FM wishes you a successful trading day 💰💰💰
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Join now !!!!
Channel: signals - knowledge and FOREX comments
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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.