🔔🔔🔔GBP/USD news:
➡️ The British Pound (GBP) edged slightly higher above the 1.3300 mark against the U.S. Dollar during North American trading hours. The GBP/USD pair gained as the greenback came under selling pressure following a weaker-than-expected U.S. Producer Price Index (PPI) report for April.
➡️ In theory, cooling prices of goods and services at the producer level should ease some of the pressure on the Federal Reserve. However, this may not provide much relief, as the Fed remains more concerned about rising household inflation expectations. Additionally, U.S. Consumer Price Index (CPI) data also showed a slowdown in April.
Personal opinion:
➡️ GBP/USD will continue to maintain its short-term upward momentum in the coming time due to the support from weak US data
➡️ Analysis based on Fibonacci combined with trend lines and EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.3275 - 1.3285
❌SL: 1.3245 | ✅TP: 1.3330
FM wishes you a successful trading day 💰💰💰
➡️ The British Pound (GBP) edged slightly higher above the 1.3300 mark against the U.S. Dollar during North American trading hours. The GBP/USD pair gained as the greenback came under selling pressure following a weaker-than-expected U.S. Producer Price Index (PPI) report for April.
➡️ In theory, cooling prices of goods and services at the producer level should ease some of the pressure on the Federal Reserve. However, this may not provide much relief, as the Fed remains more concerned about rising household inflation expectations. Additionally, U.S. Consumer Price Index (CPI) data also showed a slowdown in April.
Personal opinion:
➡️ GBP/USD will continue to maintain its short-term upward momentum in the coming time due to the support from weak US data
➡️ Analysis based on Fibonacci combined with trend lines and EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.3275 - 1.3285
❌SL: 1.3245 | ✅TP: 1.3330
FM wishes you a successful trading day 💰💰💰
Trade active
Personal plan:
Hit + 30 pips from Buy 1.3285
The plan is still on track.
Trade closed: target reached
personal success plan
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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.