🔔🔔🔔GBP/USD News:
👉 Support from the UK and European countries for a ceasefire in Ukraine during this time is the driving force for the strength of GBP.
👉 The US is increasingly mired in a trade war between countries and recent bad economic data is weakening the dollar
👉 DXY is touching a strong support zone so there are signs of convergence RSI (1H) so there is a possibility of a reversal
👉 GBP/USD according to the RSI (1H) indicator at this time creates divergence
Personal opinion:
👉 If GBP/USD has a bearish recovery phase, this could be a suitable price zone to buy at a cheaper price.
👉However, if this currency pair breaks out strongly above the 1.2730 area, the next resistance zone is likely to be 1.2780
Analysis:
👉Based on important resistance - support levels and Fibonacci levels combined with EMA to come up with a suitable strategy.
Plan:
🔆Setting price range:
👉BUY GBP/USD 1.2690 – 1.2680
❌SL: 1.2650 | ✅TP: 1.2720 – 1.2770 – 1.2810
FM wishes you a successful trading day 💰💰💰
👉 Support from the UK and European countries for a ceasefire in Ukraine during this time is the driving force for the strength of GBP.
👉 The US is increasingly mired in a trade war between countries and recent bad economic data is weakening the dollar
👉 DXY is touching a strong support zone so there are signs of convergence RSI (1H) so there is a possibility of a reversal
👉 GBP/USD according to the RSI (1H) indicator at this time creates divergence
Personal opinion:
👉 If GBP/USD has a bearish recovery phase, this could be a suitable price zone to buy at a cheaper price.
👉However, if this currency pair breaks out strongly above the 1.2730 area, the next resistance zone is likely to be 1.2780
Analysis:
👉Based on important resistance - support levels and Fibonacci levels combined with EMA to come up with a suitable strategy.
Plan:
🔆Setting price range:
👉BUY GBP/USD 1.2690 – 1.2680
❌SL: 1.2650 | ✅TP: 1.2720 – 1.2770 – 1.2810
FM wishes you a successful trading day 💰💰💰
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Channel: signals - knowledge and FOREX comments
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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.
✅ 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.