GBPUSD: Continue to riseFor GBP/USD, we still mainly choose to go long during the pullback and go short as a supplement.
GBPUSD trading strategy
buy @:1.31900-1.32100
sl 1.31000
tp 1.32750-1.32850
Today, the trend of GBPUSD basically coincides with what I predicted yesterday. You can click on my personal profile to view the previously published content.
Gbpusd4h
GBPUSD: Likely to maintain its upward momentum next weekTrump announced a 90-day suspension of the new tariff plan for most of his trading partners, which has, to some extent, reduced the systemic risks in the market and warmed up the risk appetite. The British pound, due to its nature as a risk currency, has become a beneficiary in the improvement of the global sentiment. At the same time, global stock markets plunged this week due to the uncertainty of trade policies, but the GBPUSD rose against the trend, indicating that the market has a strong bullish sentiment towards the British pound. This sentiment is likely to continue next week.
GBPUSD broke through some key resistance levels this week, such as the 1.3000 mark, opening up room for further upward movement. In the short term, although the RSI has reached a highly overbought level, if the bullish sentiment in the market is strong enough, the GBPUSD still has the potential to continue rising, breaking through the recent high of 1.3145. The next resistance levels might be at 1.3200 and even higher.
GBPUSD trading strategy
buy @:1.30400-1.30480
sl 1.29950
tp 1.30750-1.30810
If you approve of my analysis, you can give it a thumbs-up as support. If you have different opinions, you can leave your thoughts in the comments.Thank you!
Analysis of the Trend of the GBPUSDThe GBPUSD is currently showing a gradually rising trend. An important support level is 1.28850, which is the lower boundary of the current range. Once it is broken below, it may suggest a reversal of the trend to a bearish one. Before that, we should still mainly choose to go long and use short selling as a supplement.
GBPUSD trading strategy
buy @:1.29200-1.29300
sl 1.28850
tp 1.29750-1.29850
If you approve of my analysis, you can give it a thumbs-up as support. If you have different opinions, you can leave your thoughts in the comments.Thank you!
GBPUSD SHORTGBPUSD is still downtrending as per previous analyses, and is currently trading within two short-term channels.
We expect price to either quickly drop to the Major Support Zone (staying within the blue channel), or to break above the blue channel and head towards the upper band of the green channel, before finally falling back towards the Major Support Zone.
Short Trades:
Enter short upon failed blue trendline breakout
Enter short upon failed green trendline breakout