🔔🔔🔔GBP/USD news:
👉The Pound Sterling (GBP) holds onto its gains, trading slightly above 1.2900 against the US Dollar (USD) during Monday’s European session. The GBP/USD pair continues to strengthen as the US Dollar struggles to find momentum amid rising concerns about the US economic outlook. The US Dollar Index (DXY), which measures the Greenback’s value against six major currencies, remains cautious near a four-month low of 103.50.
👉Investor worries over the US economy have intensified following comments from US President Donald Trump on Friday. He suggested that his "America First" policies might cause short-term economic turbulence. While Trump did not explicitly outline the economic impact of his policies, he stated in a Fox News interview that the country is undergoing a "period of transition" due to significant changes. His remarks came in response to questions about whether his policies could trigger a recession.
Personal opinion:
👉GBP/USD will continue to maintain its upward momentum in the long term because of economic developments.
👉The US 10-year bond yield is currently down 1.51%, further solidifying the upward momentum for GBP/USD today
Analysis:
👉Based on important resistance - support levels and pivot points standard combined with SMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.2870 - 1.2860
❌SL: 1.2820 | ✅TP: 1.2930 - 1.2980 - 1.3030
FM wishes you a successful trading day 💰💰💰
👉The Pound Sterling (GBP) holds onto its gains, trading slightly above 1.2900 against the US Dollar (USD) during Monday’s European session. The GBP/USD pair continues to strengthen as the US Dollar struggles to find momentum amid rising concerns about the US economic outlook. The US Dollar Index (DXY), which measures the Greenback’s value against six major currencies, remains cautious near a four-month low of 103.50.
👉Investor worries over the US economy have intensified following comments from US President Donald Trump on Friday. He suggested that his "America First" policies might cause short-term economic turbulence. While Trump did not explicitly outline the economic impact of his policies, he stated in a Fox News interview that the country is undergoing a "period of transition" due to significant changes. His remarks came in response to questions about whether his policies could trigger a recession.
Personal opinion:
👉GBP/USD will continue to maintain its upward momentum in the long term because of economic developments.
👉The US 10-year bond yield is currently down 1.51%, further solidifying the upward momentum for GBP/USD today
Analysis:
👉Based on important resistance - support levels and pivot points standard combined with SMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.2870 - 1.2860
❌SL: 1.2820 | ✅TP: 1.2930 - 1.2980 - 1.3030
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.