Steady uptrend, GBPUSD continues to grow

12 Mar

🔔🔔🔔GBPUSD news:

👉The GBP/USD pair dips slightly during the Asian session on Wednesday, retracing part of the previous day's strong rally to a more than four-month high around 1.2965. Currently, spot prices hover near the 1.2935 level, though the decline lacks strong bearish momentum as traders await the release of US inflation data before making new directional moves.

The US Consumer Price Index (CPI) report will be a key factor in shaping market expectations regarding the Federal Reserve’s (Fed) rate-cut trajectory, which will, in turn, influence demand for the US Dollar (USD) and drive fresh movement in the GBP/USD pair. Meanwhile, some repositioning ahead of the critical data has helped the USD recover part of its previous day's decline to its lowest level since mid-October, creating a temporary hurdle for the currency pair.

Personal opinion:
👉Good growth in the context of US tariff policies not targeting GBP, good relationship between the two countries helps GBP value against USD to grow, long-term upward trend is still being maintained

Analysis:
👉Based on important resistance - support levels and Fibonacci combined with trend lines to come up with a suitable strategy

Plan:
🔆Price Zone Setup:

👉Buy GBP/USD 1.29100 - 1.28950

❌SL: 1.28650
✅TP: 40 - 70 - 120 PIPS

FM wishes you a successful trading day 💰💰💰

13 Mar

İşlem aktif

Reached TP2 + 75 pips, congratulations

14 Mar

İşlem elle kapatılmış

UK monthly GDP lower than expected, showing signs of weakness, nearest support at 1.2880

Everyone pay attention to trading