🔹 Market Context
Traders are waiting for the US PCE Price Index today.
Forecasts suggest the data will likely be unchanged from the previous month, which could give the USD slight strength in the short term.
GBPUSD is now trading inside a symmetrical triangle, and PCE may act as the catalyst for the breakout.
🔹 Technical Outlook (H2 Chart)
Support zone: 1.3430 – 1.3450 (demand + trendline confluence).
Next key support: 1.3340 – 1.3350.
Resistance zones: 1.3550 – 1.3580 and 1.3660.
Scenarios to Watch:
1️⃣ Bullish Setup
If price holds above 1.3430 – 1.3450 and breaks the triangle resistance →
Targets: 1.3550 – 1.3580, then 1.3660 if momentum continues.
2️⃣ Bearish Setup
If PCE data boosts USD and GBPUSD breaks below 1.3430,
Downside targets: 1.3340, with extension toward 1.3300.
🔹 Trading Plan (reference only)
Buy Zone: 1.3430 – 1.3450
SL: 1.3400
TP: 1.3550 – 1.3580 → 1.3660
Sell Zone: break below 1.3430
SL: 1.3480
TP: 1.3340 → 1.3300
✅ Summary: GBPUSD is at a make-or-break level. The 1.3430 pivot zone is the key to watch ahead of PCE. A bounce from here favors bulls toward 1.3550+, while a breakdown could trigger a deeper move into 1.3340.
Traders are waiting for the US PCE Price Index today.
Forecasts suggest the data will likely be unchanged from the previous month, which could give the USD slight strength in the short term.
GBPUSD is now trading inside a symmetrical triangle, and PCE may act as the catalyst for the breakout.
🔹 Technical Outlook (H2 Chart)
Support zone: 1.3430 – 1.3450 (demand + trendline confluence).
Next key support: 1.3340 – 1.3350.
Resistance zones: 1.3550 – 1.3580 and 1.3660.
Scenarios to Watch:
1️⃣ Bullish Setup
If price holds above 1.3430 – 1.3450 and breaks the triangle resistance →
Targets: 1.3550 – 1.3580, then 1.3660 if momentum continues.
2️⃣ Bearish Setup
If PCE data boosts USD and GBPUSD breaks below 1.3430,
Downside targets: 1.3340, with extension toward 1.3300.
🔹 Trading Plan (reference only)
Buy Zone: 1.3430 – 1.3450
SL: 1.3400
TP: 1.3550 – 1.3580 → 1.3660
Sell Zone: break below 1.3430
SL: 1.3480
TP: 1.3340 → 1.3300
✅ Summary: GBPUSD is at a make-or-break level. The 1.3430 pivot zone is the key to watch ahead of PCE. A bounce from here favors bulls toward 1.3550+, while a breakdown could trigger a deeper move into 1.3340.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
t.me/+1rXbCGqCUAoyMmU9
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
t.me/+1rXbCGqCUAoyMmU9
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.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
t.me/+1rXbCGqCUAoyMmU9
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
t.me/+1rXbCGqCUAoyMmU9
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.