GBPUSD - 11 Feb - breaktrend H1 and wait entry BUY

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GBPUSD trend forecast February 11, 2025

The Pound Sterling (GBP) regains momentum against its major counterparts during European trading on Tuesday, as market participants eagerly await Bank of England (BoE) Governor Andrew Bailey’s address at the University of Chicago Booth School of Business in London at 12:15 GMT. Investors will scrutinize his remarks for insights into the central bank’s monetary policy trajectory.

Last week, the BoE, as widely anticipated, lowered its benchmark interest rate by 25 basis points to 4.5% in a unanimous 9-0 decision. Notably, seven members of the Monetary Policy Committee (MPC) supported the quarter-point cut, while Catherine Mann, unexpectedly aligning with Swati Dhingra, advocated for a more aggressive rate reduction. Bailey, meanwhile, emphasized a "gradual and cautious" approach to easing monetary policy.

According to the h1 frame, it shows that GBPUSD price recovered, broke the H1 trend and increased in price, waiting for buy retest entry.

/// BUY GBPUSD: zone 1.23500-1.23300

SL: 1.23000

TP: 40 - 70 - 100pips ( 1.24300 )

Safe and profitable trading

11 févr.

Transaction en cours

Has 50 pips profit ,Amazing signal BUY : GBPUSD ( 1.23500 - 1.23300 )