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Key Points
- U.S. President Trump revealed letters sent via Truth Social to the leaders of seven countries, including the Philippines and Algeria. Notably, he warned of a 50% tariff on imports from Brazil.
- The June FOMC minutes confirmed that key Fed members are divided on the outlook for rate cuts within the year.
- The U.S. 10-year Treasury yield reversed course and fell for the first time in six sessions, following strong demand in the latest bond auction.
Major Economic Events This Week
+ July 10: Germany – June Consumer Price Index (CPI)
+ July 11: United Kingdom – May Gross Domestic Product (GDP)
GBPUSD Chart Analysis
While the pair recently faced resistance near the 1.38000 level and experienced a pullback, it appears to be regaining momentum, supported by the trendline near 1.36000.
If this support holds and the price moves as expected, a rally toward the 1.40000 level could be anticipated.
However, if the current support fails, the pair could retreat toward the 1.34000 level. Therefore, it is important to closely monitor the price action in the current zone.
Please feel free to share your personal thoughts in the comments. Don’t forget to hit the boost button and subscribe!
Key Points
- U.S. President Trump revealed letters sent via Truth Social to the leaders of seven countries, including the Philippines and Algeria. Notably, he warned of a 50% tariff on imports from Brazil.
- The June FOMC minutes confirmed that key Fed members are divided on the outlook for rate cuts within the year.
- The U.S. 10-year Treasury yield reversed course and fell for the first time in six sessions, following strong demand in the latest bond auction.
Major Economic Events This Week
+ July 10: Germany – June Consumer Price Index (CPI)
+ July 11: United Kingdom – May Gross Domestic Product (GDP)
GBPUSD Chart Analysis
While the pair recently faced resistance near the 1.38000 level and experienced a pullback, it appears to be regaining momentum, supported by the trendline near 1.36000.
If this support holds and the price moves as expected, a rally toward the 1.40000 level could be anticipated.
However, if the current support fails, the pair could retreat toward the 1.34000 level. Therefore, it is important to closely monitor the price action in the current zone.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
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.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
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.