GBPUSD analysis week 7
🌐Fundamental Analysis
The US dollar is under heavy selling pressure, opening the door for GBP/USD to rise as risk-on flows dominate financial markets.
US President Donald Trump refrained from announcing new reciprocal tariffs on Thursday, instead explaining that he has tasked his economic team with drawing up plans to impose reciprocal tariffs on every country that taxes US imports, triggering a risk-on rally.
At press time, US stock index futures were trading sideways on the day. Should major Wall Street indices open on a bullish note and continue higher into the weekend, GBP/USD could extend its weekly gains.
🕯Technical Analysis
GBPUSD is pulling back to 1.250 and is looking for some buying interest towards the 1.272 resistance. The support at 1.250 is supported by two EMAs and a trendline. This trading range is the focus next week and it is quite difficult to break this trading range.
📈📉Trading Signals
BUY GBPUSD 1.250-1.248 Stoloss 1.245
SELL GBPUSD 1.272-1.274 Stoploss 1.277
The US dollar is under heavy selling pressure, opening the door for GBP/USD to rise as risk-on flows dominate financial markets.
US President Donald Trump refrained from announcing new reciprocal tariffs on Thursday, instead explaining that he has tasked his economic team with drawing up plans to impose reciprocal tariffs on every country that taxes US imports, triggering a risk-on rally.
At press time, US stock index futures were trading sideways on the day. Should major Wall Street indices open on a bullish note and continue higher into the weekend, GBP/USD could extend its weekly gains.
🕯Technical Analysis
GBPUSD is pulling back to 1.250 and is looking for some buying interest towards the 1.272 resistance. The support at 1.250 is supported by two EMAs and a trendline. This trading range is the focus next week and it is quite difficult to break this trading range.
📈📉Trading Signals
BUY GBPUSD 1.250-1.248 Stoloss 1.245
SELL GBPUSD 1.272-1.274 Stoploss 1.277
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.