GBPUSD trend forecast February 24, 2025
The GBP/USD pair begins the week on an optimistic trajectory, climbing beyond the mid-1.2600s during the Asian session and edging closer to the two-month peak reached last Friday. Spot prices aim to sustain their upward momentum, extending gains beyond the 100-day Simple Moving Average (SMA), supported by a weakened US Dollar (USD) sentiment.
Indeed, the USD Index (DXY), which measures the Greenback against a basket of major currencies, slips to its lowest level since December 10 amid mounting concerns over US consumer resilience, exacerbated by Walmart’s disappointing sales outlook. Additionally, apprehensions regarding the inflationary effects of US President Donald Trump's tariffs and their potential strain on consumer spending, coupled with a rebound in US stock futures, further weigh on the safe-haven dollar.
At the beginning of the week, GBPUSD price increased, touched the trendline and decreased again.
/// SELL GBPUSD: zone 1.26900 - 1.27100
SL: 1.27400
TP: 40 - 80 - 150pips ( 1.25600 )
Safe and profitable trading
The GBP/USD pair begins the week on an optimistic trajectory, climbing beyond the mid-1.2600s during the Asian session and edging closer to the two-month peak reached last Friday. Spot prices aim to sustain their upward momentum, extending gains beyond the 100-day Simple Moving Average (SMA), supported by a weakened US Dollar (USD) sentiment.
Indeed, the USD Index (DXY), which measures the Greenback against a basket of major currencies, slips to its lowest level since December 10 amid mounting concerns over US consumer resilience, exacerbated by Walmart’s disappointing sales outlook. Additionally, apprehensions regarding the inflationary effects of US President Donald Trump's tariffs and their potential strain on consumer spending, coupled with a rebound in US stock futures, further weigh on the safe-haven dollar.
At the beginning of the week, GBPUSD price increased, touched the trendline and decreased again.
/// SELL GBPUSD: zone 1.26900 - 1.27100
SL: 1.27400
TP: 40 - 80 - 150pips ( 1.25600 )
Safe and profitable trading
Trade active
amazing , has 55 pips entry SELL GBPUSD ( 1.26900 - 1.27100 ) , NICETrade closed: target reached
amazing , has 70 pips entry SELL GBPUSD ( 1.26900 - 1.27100 ) , NICE
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
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.