British Pound / U.S. Dollar
Long
Updated

GBPUSD:Sharing of the Trading Strategy for Next Week

189
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Fundamental Analysis:
Recent UK economic data have outperformed expectations, with accelerated expansion in the services sector and signs of recovery in manufacturing PMI, boosting market confidence in the British pound.Market expectations of a milder future monetary policy from the Federal Reserve have restrained the U.S. dollar, providing support for GBP/USD's upward movement.

Technical Analysis :
The MACD histogram above the zero line shows a growing trend, indicating strengthening bullish momentum. The DIF line lies above the DEA line, confirming an uptrend.
Price trades above short-term moving averages, which form a bullish arrangement, signifying bullish dominance.Bollinger Bands widen upward, with price near the upper band (resistance at 1.3650) and the lower band at 1.3480.The RSI at 63.5 stays in the strong bullish zone without entering overbought territory.

Trading Strategy:
Initiate long positions after price stabilizes in the 1.3520–1.3540 zone on pullbacks.
buy@1.3520–1.3540
TP:1.3650-1.3720

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