🔔🔔🔔 GBP/USD news:
➡️ GBP/USD is holding modest bids near the 1.3200 mark during early European trading on Tuesday. Recent UK data revealed that the unemployment rate remained steady at 4% for the three months to February, while average earnings came in weaker than expected, putting downside pressure on the British pound.
➡️ After gaining nearly 1% on Friday and closing the previous week up 1.5%, GBP/USD continued its upward momentum on Monday, trading above the 1.3150 level. Although the pair’s short-term technical outlook suggests overbought conditions, investors may be hesitant to anticipate a significant pullback due to widespread selling pressure on the U.S. dollars (USD).
TheU.S. Dollar Index, which measures the greenback’s performance against a basket of six major currencies, dropped 3% last week as escalating U.S.-China trade fears of a potential U.S. economic downturn.
Personal opinion:
➡️ The uptrend is still strong while the USD is being sold.
➡️ However, the overbought zone of RSI should also be taken seriously, this will be the reaction zone of the selling side.
➡️ Analysis based on important resistance - support zones and Fibonacci combined with RSI to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell GBP/USD 1.3265 - 1.3275
❌SL: 1.3310| ✅TP: 1.3210 - 1.3160
FM wishes you a successful trading day 💰💰💰
➡️ GBP/USD is holding modest bids near the 1.3200 mark during early European trading on Tuesday. Recent UK data revealed that the unemployment rate remained steady at 4% for the three months to February, while average earnings came in weaker than expected, putting downside pressure on the British pound.
➡️ After gaining nearly 1% on Friday and closing the previous week up 1.5%, GBP/USD continued its upward momentum on Monday, trading above the 1.3150 level. Although the pair’s short-term technical outlook suggests overbought conditions, investors may be hesitant to anticipate a significant pullback due to widespread selling pressure on the U.S. dollars (USD).
TheU.S. Dollar Index, which measures the greenback’s performance against a basket of six major currencies, dropped 3% last week as escalating U.S.-China trade fears of a potential U.S. economic downturn.
Personal opinion:
➡️ The uptrend is still strong while the USD is being sold.
➡️ However, the overbought zone of RSI should also be taken seriously, this will be the reaction zone of the selling side.
➡️ Analysis based on important resistance - support zones and Fibonacci combined with RSI to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell GBP/USD 1.3265 - 1.3275
❌SL: 1.3310| ✅TP: 1.3210 - 1.3160
FM wishes you a successful trading day 💰💰💰
交易進行
GBP/USD rose to 1.3251 and fell to 1.3205not matching the 1.3265 sell zone
Cancel the 1.3265 sell strategy. As this zone has reduced the sell value
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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
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。