💢💢💢GBP/USD news :
➡️The GBP/USD pair surged sharply to nearly 1.2965 during Asian trading hours on Monday. Concerns that U.S. President Donald Trump's tariffs could drive inflation and slow economic growth have put pressure on the U.S. dollar (USD), acting as a catalyst for the major currency pair.
➡️ Last week, Trump announced a 25% tariff on imported cars and light trucks, effective April 3. This measure follows a 25% tariff on steel and aluminum and the upcoming announcement of retaliatory tariffs by Trump on Wednesday. Many analysts are worried that these tariffs will have a negative impact on the U.S. economy, potentially limiting the Federal Reserve's ability to cut interest rates while also increasing inflation in the coming months. As a result, this could weaken the USD further, boosting the GBP/USD pair in the near future.
Personal opinion:
➡️ Current news is supportive for GBP/USD in the short term. DXY is also having its third consecutive losing streak, further strengthening this pair.
➡️ Analysis based on resistance - support levels and Fibonacci combined with SMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉 Buy GBP/USD 1.2940 – 1.2930
❌SL: 1.2900 | ✅TP: 1.2980– 1.3010
FM wishes you a successful trading day 💰💰💰
➡️The GBP/USD pair surged sharply to nearly 1.2965 during Asian trading hours on Monday. Concerns that U.S. President Donald Trump's tariffs could drive inflation and slow economic growth have put pressure on the U.S. dollar (USD), acting as a catalyst for the major currency pair.
➡️ Last week, Trump announced a 25% tariff on imported cars and light trucks, effective April 3. This measure follows a 25% tariff on steel and aluminum and the upcoming announcement of retaliatory tariffs by Trump on Wednesday. Many analysts are worried that these tariffs will have a negative impact on the U.S. economy, potentially limiting the Federal Reserve's ability to cut interest rates while also increasing inflation in the coming months. As a result, this could weaken the USD further, boosting the GBP/USD pair in the near future.
Personal opinion:
➡️ Current news is supportive for GBP/USD in the short term. DXY is also having its third consecutive losing streak, further strengthening this pair.
➡️ Analysis based on resistance - support levels and Fibonacci combined with SMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉 Buy GBP/USD 1.2940 – 1.2930
❌SL: 1.2900 | ✅TP: 1.2980– 1.3010
FM wishes you a successful trading day 💰💰💰
Note
Hit + 30 pips from Buy 1.2930
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Join now !!!!
Channel: signals - knowledge and FOREX comments
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Channel: signals - knowledge and FOREX comments
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.