🔔🔔🔔GBP/USD news:
👉The British Pound (GBP) remained mostly unchanged in trading after the UK’s GDP data showed a 0.1% decline in January. The rolling three-month measure increased by 0.2%, aligning with forecasts. The weak performance in January was driven by global uncertainty and concerns over tariffs.
👉Next week, the UK's economic focus will be on the Bank of England's interest rate decision, with expectations that rates will remain unchanged on Thursday.
👉Meanwhile, weak U.S. CPI and PPI data have reinforced market expectations that the Federal Reserve may ease monetary policy sooner. However, with U.S. President Donald Trump set to impose reciprocal tariffs on April 2, the outlook remains uncertain.
Personal opinion:
👉Recent weak U.S. data is fueling fears of a recession in the country. This has caused the US dollar to start to decline again
👉The GBP/USD pair has been under pressure from sellers, but the 1.2900 level has held firm after several attacks by sellers. If this level is not broken early next week, it may be a stepping stone for another price increase after the sellers are exhausted
Resistance zone: 1.2960 1.3000
Support zone: 1.2900 1.2860
Analysis:
👉Based on resistance-support levels combined with fibonacci and SMA to come up with a suitable strategy.
Plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.2910 – 1.2900
❌SL: 1.2860 | ✅TP: 1.2950 – 1.2990 – 1.3030
FM wishes you a successful trading day 💰💰💰
👉The British Pound (GBP) remained mostly unchanged in trading after the UK’s GDP data showed a 0.1% decline in January. The rolling three-month measure increased by 0.2%, aligning with forecasts. The weak performance in January was driven by global uncertainty and concerns over tariffs.
👉Next week, the UK's economic focus will be on the Bank of England's interest rate decision, with expectations that rates will remain unchanged on Thursday.
👉Meanwhile, weak U.S. CPI and PPI data have reinforced market expectations that the Federal Reserve may ease monetary policy sooner. However, with U.S. President Donald Trump set to impose reciprocal tariffs on April 2, the outlook remains uncertain.
Personal opinion:
👉Recent weak U.S. data is fueling fears of a recession in the country. This has caused the US dollar to start to decline again
👉The GBP/USD pair has been under pressure from sellers, but the 1.2900 level has held firm after several attacks by sellers. If this level is not broken early next week, it may be a stepping stone for another price increase after the sellers are exhausted
Resistance zone: 1.2960 1.3000
Support zone: 1.2900 1.2860
Analysis:
👉Based on resistance-support levels combined with fibonacci and SMA to come up with a suitable strategy.
Plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.2910 – 1.2900
❌SL: 1.2860 | ✅TP: 1.2950 – 1.2990 – 1.3030
FM wishes you a successful trading day 💰💰💰
Trade active
HIt + 35 pips from 1.2910congratulations
Trade closed: target reached
Hit max profit + 65 pips from 1.2910congratulation
Note
Hit + 84 pips from 1.2910Great Buy
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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.