GBPUSD - 13 Feb - GDP news as expected, resistance H1

13 Şub

GBPUSD trend forecast February 13, 2025

GBP/USD hovers around the 1.2450 mark, navigating a neutral technical zone as traders brace for the release of the UK’s latest Gross Domestic Product (GDP) data. Meanwhile, inflation concerns persist, with the US Consumer Price Index (CPI) accelerating in January. Market participants now turn their focus to Thursday’s US Producer Price Index (PPI) for further insight into inflationary pressures that may trickle down to consumers.

The preliminary UK GDP report for Q4 2024 is set for release on Thursday, with expectations pointing to a modest improvement in annualized growth. Analysts anticipate GDP to rise to 1.1% year-over-year, up from the previous 0.9%. However, on a quarterly basis, the economy is forecast to contract by 0.1%, following a stagnant reading of 0.0% in the prior quarter, signaling lingering economic headwinds.

GBP GDP forecast as expected 0.1%, not too much fluctuation, price will be under selling pressure when touching resistance H1

/// SELL GBPUSD: zone 1.24800-1.24900

SL: 1.25200

TP: 40 - 70 - 100pips ( 1.23900 )

Safe and profitable trading

13 Şub

İşlem aktif

+ 20 pips profit , entry SELL GBPUSD ( 1.24800-1.24900 ) great .