GBPUSD negatively decreases
Dear friends, GBPUSD continues to decline as predicted yesterday. It is currently trading in a narrow range around 1.2110. We are awaiting new catalysts from the Fed Chairman's speech later today to determine a clearer direction for the future.
Regarding technical analysis:
The market has formed a strong resistance level, acting as a consistent boundary. The price has tested this level multiple times, creating a shelf-like structure.
We expect GBPUSD to decline further, with an anticipated decrease around 1.2040.
What about you? Do you agree with this analysis?
Regarding technical analysis:
The market has formed a strong resistance level, acting as a consistent boundary. The price has tested this level multiple times, creating a shelf-like structure.
We expect GBPUSD to decline further, with an anticipated decrease around 1.2040.
What about you? Do you agree with this analysis?
تم فتح الصفقة
ملاحظة
The US future stock index has decreased from 0.1% to 0.2%. If the cash flow is safe to dominate in the context of escalating geopolitical tensions at the end of the day, GBP/USD may have difficulty achieving traction.ملاحظة
British Pound weakens after retail sales dataWeak retail sales data is one reason the pound is weakening. Currently GBP/USD is recovering to 1.2125 but this is largely due to the strong depreciation of the Dollar.
ملاحظة
With a quiet Monday in the economic calendar, GBP traders will wait for data on labor and purchasing management index (PMI) of the United Kingdom on Tuesday.ملاحظة
ملاحظة
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.