GBPUSD analysis week 27

已更新

GBPUSD plummeted below 1.2700 as risk aversion affected most currencies, with the exception of safe havens such as the Greenback. Political instability in Europe caused the Euro to decline against the Swiss Franc, while the GBP/USD exchange rate fell 0.65% and traded at the lowest level of 1.265 last Friday.

Next week will definitely be a volatile week because there will be many important news announced about the British economy. Notably we have CPI economic data on Wednesday, Retail Sales and PMI on Friday in addition to US data influencing the strength of DXY.

Like the strong currency pairs EUR and JPY, GBP also falls into a period of weakness. EMA 34 also begins to cross EMA 89 to show a reversal of the uptrend. The 1.265 support level became almost the most important support level before the weakening streak pushed the pair towards 1.258. In the opposite direction the recovery is more difficult to reach the peak of 1,280. The support area of 1,274 is also worth paying attention to in case the price recovers.

SELL GBPUSD zone 1.280-1.282 SL 1.284
BUY GBPUSD zone 1.259-1.287 SL 1.255

Support: 1,258-1,265
Resistance: 1,280-1,274

注释

GBP/USD is seen consolidating its recent losses to over a one-month low touched on Friday. The Fed’s hawkish outlook continues to underpin the USD and exerts pressure on the major. The divergent Fed-BoE policy expectations could lend some support and limit deeper losses.

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SELL GBPUSD now zone 1.27000-1.27200
↠ Stoploss 1.27300

→ Take Profit 1 1.26700
→ Take Profit 2 1.26000

注释

+ 30 pips for Plan SELL GU

注释

GBP/USD stabilizes above 1.2700 after UK inflation data
GBP/USD elbowed its way firmly above 1.2700 in quiet Wednesday trading as GBP traders gear up for Thursday’s latest outing from the Bank of England, which is expected to keep rates on hold at 5.25% even as UK economic data continues to miss the mark, but not badly enough to spark institutional fears of an outright recession.

交易结束：到达目标

Pay attention to important news Monetary Policy Summary MPC Official Bank Rate Votes Official Bank Rate today

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GBP/USD falls into familiar lows as Friday looms with key UK data print
GBP/USD is poised for a bumper Friday session. Key UK data is due during the European market session, and US Purchasing Managers Index activity surveys set to wrap up the trading week. The Bank of England held rates at 5.25% this week, with a stubbornly tepid stance on rate cuts that deflated broad-market rate cut expectations.