GBPUSD - 24 Feb , trendline H1 new week SELL NOW

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GBPUSD trend forecast February 24, 2025

The GBP/USD pair begins the week on an optimistic trajectory, climbing beyond the mid-1.2600s during the Asian session and edging closer to the two-month peak reached last Friday. Spot prices aim to sustain their upward momentum, extending gains beyond the 100-day Simple Moving Average (SMA), supported by a weakened US Dollar (USD) sentiment.

Indeed, the USD Index (DXY), which measures the Greenback against a basket of major currencies, slips to its lowest level since December 10 amid mounting concerns over US consumer resilience, exacerbated by Walmart’s disappointing sales outlook. Additionally, apprehensions regarding the inflationary effects of US President Donald Trump's tariffs and their potential strain on consumer spending, coupled with a rebound in US stock futures, further weigh on the safe-haven dollar.

At the beginning of the week, GBPUSD price increased, touched the trendline and decreased again.

/// SELL GBPUSD: zone 1.26900 - 1.27100

SL: 1.27400

TP: 40 - 80 - 150pips ( 1.25600 )

Safe and profitable trading

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amazing , has 55 pips entry SELL GBPUSD ( 1.26900 - 1.27100 ) , NICE

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amazing , has 70 pips entry SELL GBPUSD ( 1.26900 - 1.27100 ) , NICE