GBP/USD Long - Swing Trade Idea Targeting 1.3440
GBP/USD Long
Entry - 1.3240 - 1.3300
Stop Loss - 1.3195
Target - 1.3440
Q1 GDP +0.7 % q/q & +5.9 % cap-ex jump signal UK has exited the “technical recession.” • Dollar momentum stalling after soft US CPI; PPI & U-Mich could reinforce pull-back while Trump keeps jaw-boning for cuts.
Rate-spread turning GBP-positive as BoE stresses higher-for-longer, wage/service inflation sticky.
Technical: daily close back above 20-day EMA (1.3255) and RSI > 55 show fresh bullish impulse; seasonal tail-wind (GBP tends to firm late-May)
The stronger-than-forecast UK GDP figures support, rather than undermine, the long-GBP/USD view:
They confirm the UK’s growth rebound narrative, cushioning sterling ahead of Friday’s US PPI and Michigan sentiment prints.
Industrial softness is a known drag but not material enough to offset services-led momentum or today’s positive quarterly investment surprise.
GBP/USD Long
Entry - 1.3240 - 1.3300
Stop Loss - 1.3195
Target - 1.3440
Q1 GDP +0.7 % q/q & +5.9 % cap-ex jump signal UK has exited the “technical recession.” • Dollar momentum stalling after soft US CPI; PPI & U-Mich could reinforce pull-back while Trump keeps jaw-boning for cuts.
Rate-spread turning GBP-positive as BoE stresses higher-for-longer, wage/service inflation sticky.
Technical: daily close back above 20-day EMA (1.3255) and RSI > 55 show fresh bullish impulse; seasonal tail-wind (GBP tends to firm late-May)
The stronger-than-forecast UK GDP figures support, rather than undermine, the long-GBP/USD view:
They confirm the UK’s growth rebound narrative, cushioning sterling ahead of Friday’s US PPI and Michigan sentiment prints.
Industrial softness is a known drag but not material enough to offset services-led momentum or today’s positive quarterly investment surprise.
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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.