Hello Traders,
In today's trading session, we are monitoring GBP/USD for a potential buying opportunity around the 1.26700 zone. GBP/USD is currently in an uptrend and undergoing a correction phase, approaching the key support and resistance area at 1.26700.
Please note that tomorrow we face two significant events: the release of the CPI data and the FOMC meeting. If the CPI data comes in hot, indicating higher inflation, we will cancel this trade, as it could prompt the Federal Reserve to adopt a more hawkish stance, especially in light of last week's strong NFP report. Conversely, if the CPI data is soft, it may favor our trade by leading to a dovish outlook from the Fed, potentially supporting GBP/USD longs.
Trade safely,
Joe
In today's trading session, we are monitoring GBP/USD for a potential buying opportunity around the 1.26700 zone. GBP/USD is currently in an uptrend and undergoing a correction phase, approaching the key support and resistance area at 1.26700.
Please note that tomorrow we face two significant events: the release of the CPI data and the FOMC meeting. If the CPI data comes in hot, indicating higher inflation, we will cancel this trade, as it could prompt the Federal Reserve to adopt a more hawkish stance, especially in light of last week's strong NFP report. Conversely, if the CPI data is soft, it may favor our trade by leading to a dovish outlook from the Fed, potentially supporting GBP/USD longs.
Trade safely,
Joe
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Free Telegram Group:
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.