📊 Trade Plan:
🔻 Entry: 1.31970
🛑 Stop Loss: 1.32530
🎯 Take Profit 1: 1.31530
🎯 Take Profit 2: 1.31130
📉 Technical Picture (H1 & Daily):
100 EMA Rejection: Price bounced clean off the 100 EMA and rolled over. The moving average is holding as dynamic resistance.
Supply Zone Test: Price is testing the 1.32030–1.32170 supply zone.
Stochastic: Exiting overbought territory and turning down. Momentum is shifting bearish.
🗞️ Fundamental Note:
Cable caught a small bounce as Dollar bulls faded despite hot Core PCE (3.4% YoY) and strong GDP. But the relief looks fragile. UK political uncertainty lingers — Burnham's succession raises fiscal questions, and RBC BlueBay warns he's boxed in by weak government finances. The Dollar remains supported by hawkish Fed expectations. The pair's upside looks capped.
❌ Invalidation:
A daily close above 1.32530 clears the supply zone and voids the short setup.
🔻 Entry: 1.31970
🛑 Stop Loss: 1.32530
🎯 Take Profit 1: 1.31530
🎯 Take Profit 2: 1.31130
📉 Technical Picture (H1 & Daily):
100 EMA Rejection: Price bounced clean off the 100 EMA and rolled over. The moving average is holding as dynamic resistance.
Supply Zone Test: Price is testing the 1.32030–1.32170 supply zone.
Stochastic: Exiting overbought territory and turning down. Momentum is shifting bearish.
🗞️ Fundamental Note:
Cable caught a small bounce as Dollar bulls faded despite hot Core PCE (3.4% YoY) and strong GDP. But the relief looks fragile. UK political uncertainty lingers — Burnham's succession raises fiscal questions, and RBC BlueBay warns he's boxed in by weak government finances. The Dollar remains supported by hawkish Fed expectations. The pair's upside looks capped.
❌ Invalidation:
A daily close above 1.32530 clears the supply zone and voids the short setup.
📊 Follow for daily Market Summary, Technical & Fundamental Analysis
👉 t.me/elibrianalytics
👉 t.me/elibrianalytics
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
📊 Follow for daily Market Summary, Technical & Fundamental Analysis
👉 t.me/elibrianalytics
👉 t.me/elibrianalytics
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.