Will the GBPUSD pair continue its bullish recovery?
News:
🔆GBP/USD rose 0.6% on Tuesday as tariff concerns eased.
🔆President Trump’s trade war rhetoric is easing.
🔆The tariffs, which were originally set to take effect on Tuesday, have been postponed for another 30 days. This is the third time in a row that President Trump has backed off his threat, after securing significant concessions from other countries
Personal view:
🔆GBP/USD has recovered to the 1.248 – 1.250 resistance zone and is expected to trade in this range as it awaits further direction from the US ADP Non-Farm Payrolls data and the Bank of England’s interest rate decision.
🔆The Bank of England (BoE) is widely expected to announce a 0.25% interest rate cut on Thursday. The move could weaken the Pound against the US Dollar, which remains on a strong trend against other currencies.
Plan:
SELL GBPUSD zone: 1.2480 – 1.2500 ❌SL 1.2550
✅TP: 1.2420 – 1.2380 – 1.2300
🔆GBP/USD rose 0.6% on Tuesday as tariff concerns eased.
🔆President Trump’s trade war rhetoric is easing.
🔆The tariffs, which were originally set to take effect on Tuesday, have been postponed for another 30 days. This is the third time in a row that President Trump has backed off his threat, after securing significant concessions from other countries
Personal view:
🔆GBP/USD has recovered to the 1.248 – 1.250 resistance zone and is expected to trade in this range as it awaits further direction from the US ADP Non-Farm Payrolls data and the Bank of England’s interest rate decision.
🔆The Bank of England (BoE) is widely expected to announce a 0.25% interest rate cut on Thursday. The move could weaken the Pound against the US Dollar, which remains on a strong trend against other currencies.
Plan:
SELL GBPUSD zone: 1.2480 – 1.2500 ❌SL 1.2550
✅TP: 1.2420 – 1.2380 – 1.2300
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
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Channel: signals - knowledge and FOREX comments
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.