🔔🔔🔔GBP/USD news:
➡️ The British Pound surged toward 1.3600 against the U.S. Dollar as the ceasefire between Israel and Iran eased safe-haven demand. Sterling also drew support from stronger-than-expected preliminary UK PMI data for June.
➡️ On Tuesday, the Pound outperformed most major currencies—excluding those in the Asia-Pacific region—bolstered by upbeat preliminary S&P Global PMI figures released on Monday and the Bank of England’s guidance for a "gradual and calibrated" monetary easing path.
Additionally, several Federal Reserve officials expressed commitment to a rate cut in July to support the U.S. labor market.
Personal opinion:
➡️ GBP/USD is overbought and will retest the 1.3630 level. This is a strong resistance area, so you can sell a Scalping order here.
➡️ Technical analysis based on support resistance levels and trend lines combined with RSI to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Sell GBP/USD 1.3615- 1.3630
❌SL: 1.3660| ✅TP: 1.3560
FM wishes you a successful trading day đź’°đź’°đź’°
➡️ The British Pound surged toward 1.3600 against the U.S. Dollar as the ceasefire between Israel and Iran eased safe-haven demand. Sterling also drew support from stronger-than-expected preliminary UK PMI data for June.
➡️ On Tuesday, the Pound outperformed most major currencies—excluding those in the Asia-Pacific region—bolstered by upbeat preliminary S&P Global PMI figures released on Monday and the Bank of England’s guidance for a "gradual and calibrated" monetary easing path.
Additionally, several Federal Reserve officials expressed commitment to a rate cut in July to support the U.S. labor market.
Personal opinion:
➡️ GBP/USD is overbought and will retest the 1.3630 level. This is a strong resistance area, so you can sell a Scalping order here.
➡️ Technical analysis based on support resistance levels and trend lines combined with RSI to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Sell GBP/USD 1.3615- 1.3630
❌SL: 1.3660| ✅TP: 1.3560
FM wishes you a successful trading day đź’°đź’°đź’°
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âś… t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.