GBPUSD Comments:
🔆GBP/USD edged higher toward 1.250, gaining 0.31%, as the US dollar faced selling pressure during the Asian session. Market sentiment improved due to the absence of new developments regarding former US President Donald Trump’s trade policies and Federal Reserve Chairman Jerome Powell’s cautious stance on the policy outlook.
🔆Traders are now focused on the UK’s preliminary GDP data set to be released today. Given the recent weak economic indicators from the UK, expectations for the GDP report remain negative for the British pound. Meanwhile, the US economy continues to show resilience with strong data.
🔆The 1.250 level acts as a key psychological resistance, making a short-term pullback in GBP/USD likely.
Plan:
🔆Price Zone Setup:
👉Sell GBPUSD 1.2495 - 1.2510
❌SL: 1.2550 | ✅TP: 1.2455 - 1.2400 – 1.2350
🔆GBP/USD edged higher toward 1.250, gaining 0.31%, as the US dollar faced selling pressure during the Asian session. Market sentiment improved due to the absence of new developments regarding former US President Donald Trump’s trade policies and Federal Reserve Chairman Jerome Powell’s cautious stance on the policy outlook.
🔆Traders are now focused on the UK’s preliminary GDP data set to be released today. Given the recent weak economic indicators from the UK, expectations for the GDP report remain negative for the British pound. Meanwhile, the US economy continues to show resilience with strong data.
🔆The 1.250 level acts as a key psychological resistance, making a short-term pullback in GBP/USD likely.
Plan:
🔆Price Zone Setup:
👉Sell GBPUSD 1.2495 - 1.2510
❌SL: 1.2550 | ✅TP: 1.2455 - 1.2400 – 1.2350
Trade active
HIt + 40pips, profit for everyone Great sell
✅ 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.