GBP/USD, H4 18 March 2024
The GBP/USD pair faced pressure from the strengthening dollar following the release of
higher-than-expected PPI figures last week. Expectations are for the pair to experience notable
fluctuations this week, with several significant events on the calendar likely to influence its direction. The upcoming FOMC interest rate decision on Wednesday and the BoE interest rate decision on Thursday are both anticipated to be key drivers for the pair's movement. Traders will closely monitor these events for insights into potential shifts in monetary policy and their implications for the GBP/USD exchange rate.
GBP/USD is trading in a bearish trajectory but is currently supported at the above 1.2710 level. Suggesting the pair remains trading with bearish momentum.
Resistance level: 1.2780, 1.2880📉
Support level: 1.2710, 1.2630📈
The GBP/USD pair faced pressure from the strengthening dollar following the release of
higher-than-expected PPI figures last week. Expectations are for the pair to experience notable
fluctuations this week, with several significant events on the calendar likely to influence its direction. The upcoming FOMC interest rate decision on Wednesday and the BoE interest rate decision on Thursday are both anticipated to be key drivers for the pair's movement. Traders will closely monitor these events for insights into potential shifts in monetary policy and their implications for the GBP/USD exchange rate.
GBP/USD is trading in a bearish trajectory but is currently supported at the above 1.2710 level. Suggesting the pair remains trading with bearish momentum.
Resistance level: 1.2780, 1.2880📉
Support level: 1.2710, 1.2630📈
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。