British Pound / U.S. Dollar

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British Pound / U.S. Dollar forum



GBPUSD British pound reminds me of a game "Only up!

GBPUSD " I need a dollar, dollar, a dollar is what I need"


GBPUSD Bulls market still running strong this has been a good week. Ima continue to sit in this trade until next week. Swing trading is where the money really is real talk.
Snapshot



GBPUSD
2/2 Summary of Key Levels

Daily & 4-Hour Support and Resistance

Daily Support: 1.32506, 1.33000, 1.34000
Daily Resistance: 1.34442, 1.35000, 1.35500
4-Hour Support: 1.33000, 1.33500, 1.34000
4-Hour Resistance: 1.34442, 1.34800, 1.35000

Exponential Moving Average (EMA) Levels

Daily EMA:

50: 1.34000
100: 1.33500
200: 1.33000
400: 1.32000

4-Hour EMA:

50: 1.34200
100: 1.33800
200: 1.33500
400: 1.33000

Weekly Pivots

Pivot Point: 1.34000
Resistance 1: 1.34500
Support 1: 1.33500

Daily Pivots

Pivot Point: 1.34200
Resistance 1: 1.34600
Support 1: 1.33800

Fibonacci Retracement Levels

0.236: 1.33590
0.382: 1.33100
0.618: 1.32500

Fundamental Analysis and Upcoming USD News

The GBPUSD market is influenced by various economic indicators and news events. As we look ahead, several key USD news releases are scheduled for the upcoming week:

Federal Reserve Interest Rate Decision: The market will be closely watching for any signals regarding interest rate changes, which could significantly impact the USD's strength.

Non-Farm Payrolls: This monthly report provides insight into the U.S. labor market and is a critical indicator of economic health. Strong employment figures could bolster the USD.

Consumer Price Index (CPI): Inflation data is vital for understanding economic conditions. An increase in CPI may lead to speculation about future interest rate hikes, affecting the GBPUSD pair.

Conclusion

In summary, the GBPUSD pair is currently positioned at a critical juncture, with several technical indicators suggesting potential movement in the near term. Traders should keep an eye on the support and resistance levels, EMA values, and upcoming economic news that could influence market sentiment. By utilizing a combination of technical and fundamental analysis, traders can better navigate the complexities of the forex market.

GBPUSD with trump in charge the entire American economy is going to collapse and so is the dxy

GBPUSD looks like that change was just grabbing more orders - not coming lower I guess at this point but will monitor and see what happens