🔔🔔🔔GBP/USD news:
➡️The GBP/USD pair is gaining upward momentum, trading strongly above the 1.3550 level. Selling pressure on the U.S. dollar has accelerated amid growing concerns that the United States and China may fail to reach a trade agreement, which has supported the pair ahead of key U.S. economic data.
➡️ The dollar started the new week under heavy downward pressure as markets turned cautious following the latest developments in the U.S.-China trade conflict. On Friday, U.S. President Donald Trump accuses China of violating the trade agreement with the U.S. In response, China's Ministry of Commerce stated early Monday that the U.S. had breached the 90-day trade truce by introducing a series of discriminatory and restrictive measures
Personal opinion:
➡️ GBPUSD will continue to benefit from the above news and maintain the upward momentum today
➡️ However, this pair is having a slight decline after entering the overbought zone, so watch the technical recovery zones to buy at the best price
➡️ Analysis based on important support resistance levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.3505 - 1.3490
❌SL: 1.3455| ✅TP: 1.3550 – 1.3585
FM wishes you a successful trading day 💰💰💰
➡️The GBP/USD pair is gaining upward momentum, trading strongly above the 1.3550 level. Selling pressure on the U.S. dollar has accelerated amid growing concerns that the United States and China may fail to reach a trade agreement, which has supported the pair ahead of key U.S. economic data.
➡️ The dollar started the new week under heavy downward pressure as markets turned cautious following the latest developments in the U.S.-China trade conflict. On Friday, U.S. President Donald Trump accuses China of violating the trade agreement with the U.S. In response, China's Ministry of Commerce stated early Monday that the U.S. had breached the 90-day trade truce by introducing a series of discriminatory and restrictive measures
Personal opinion:
➡️ GBPUSD will continue to benefit from the above news and maintain the upward momentum today
➡️ However, this pair is having a slight decline after entering the overbought zone, so watch the technical recovery zones to buy at the best price
➡️ Analysis based on important support resistance levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.3505 - 1.3490
❌SL: 1.3455| ✅TP: 1.3550 – 1.3585
FM wishes you a successful trading day 💰💰💰
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✅ 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.