GBPUSD Analysis Week 32

已更新

Fundamental Analysis

GBP/USD ended the trading week with a last-minute win after the US Non-Farm Payrolls (NFP) missed expectations, sending the greenback lower across the board.

The pound fell this week after the Bank of England (BoE) delivered a 25 basis point interest rate cut on Thursday morning, while US jobs data provided further warning signs that the US economy may be contracting faster than investors initially expected.

The US will see the ISM Manufacturing Purchasing Managers’ Index (PMI) for July on Monday. On the UK side, BRC Retail Sales for the year ending July are expected to rebound to 0.3% after a -0.5% decline in the previous period.

Technical Analysis
GBPUSD forms a wide range after the NF announcement with the nearest support resistance in the range of 1.286 and 1.270. On the H4 timeframe, EMA 34 is below EMA 89, indicating that the market structure is leaning towards a bearish trend with the lowest retracement around the support zone of 1.262. On the other hand, any daily close above the resistance level of 1.286 and candle close above both EMAs confirms an uptrend with the weekly resistance peak at 1.294

Resistance: 1.286-1.294
Support: 1.270-1.262

Trading Signals
BUY GBPUSD zone 1.262-1.260 Stoploss 1.258
SELL GBPUSD zone 1.294-1.296 Stoploss 1.298

交易开始

注释

GBP/USD falters on uneasy market flows but holds in midrange
GBP/USD kicked off the new trading week with a fresh plunge on Monday, falling into familiar lows just north of 1.2700 before recovering ground to end the day close to where it started just below the 1.2800 handle.

交易结束：到达目标

SELL Hit full TP

注释

GBP/USD rebounds from multi-week lows, trades above 1.2700
GBP/USD backslid nearly a full percent on Tuesday as the Pound Sterling continues to deflate against the broader FX market. The US Dollar found a soft patch as markets pivot back into a risk-on stance fueled by ongoing hopes for a September rate cut from the Federal Reserve, but a rapidly-depreciating GBP sent Cable into fresh five-week lows just south of 1.2700.

注释

GBP/USD clings to modest daily gains above 1.2700
Following Tuesday's sharp decline, GBP/USD clings to modest recovery gains above 1.2700 in the American session. Although the pair struggles to gather bullish momentum, it manages to stay in positive territory, supported by an improving risk mood.

交易结束：到达目标

GBP/USD breaks its three-day losing streak, trading around 1.2700 during the Asian session on Thursday. This upside could be attributed to the weaker US Dollar as the US Federal Reserve is widely anticipated to implement a more aggressive rate cut beginning in September.

注释