What is the trend of GBPUSD pair?

GBP/USD News:

🔆The British pound (GBP) strengthened for the fifth consecutive day in early Asian trading, climbing back above the 1.2600 mark following a weak US retail sales report that indicated American consumers were cutting back on spending. The GBP/USD pair reached 1.2626, gaining over 0.50%.

🔆Market sentiment was heavily influenced by US President Donald Trump's tariff policies, with the US dollar remaining stable. US retail sales declined by more than -0.9% month-on-month in January, falling short of expectations of -0.1%, although December's numbers were revised up by 0.7%.

🔆In contrast, industrial production in the US rose by over 0.5% month-on-month in January, a slowdown from December's 1% increase but still above analysts' predictions of 0.3%.

🔆Meanwhile, stronger-than-anticipated UK GDP data contributed to the upward momentum of the GBP/USD pair.

Personal opinion:

🔆GBP will continue to rise in the short term and will wait for the speech of BOE Governor Bailey and the upcoming FOMC meeting minutes for investors to orient their upcoming strategies

Analysis:

🔆Based on economic information and tariff policies of the United States and related countries
Technical based on Resistance - Support Zones and important Fibonacci levels.

Plan:

🔆Price Zone Setup:

👉Buy Gold 1.2330 – 1.2350
❌SL: 1.2280 | ✅TP: 1.2400- 1.2450 – 1.2500

👉Sell GBPUSD 1.2700 – 1.2715
❌SL: 1.2760 | ✅TP: 1.2650 – 1.2600– 1.2550