GBPUSD: can the pound hold the trendline before UK GDP? 🔮
Today’s card is Page of Currencies.
This card is a curious market scout. It points to research, fresh information, and the need to act only when analysis lights the way. For GBPUSD, this fits the current setup perfectly: the pair is holding near 1.3520, above the rising trendline, while traders wait for key UK data.
On the 1H chart, GBPUSD is still trading above the SMA 50 near 1.3510 and the SMA 200 near 1.3473, keeping the short-term structure constructive. But the pair is sitting just below the recent high area near 1.3550, so confirmation matters.
The news background is data-heavy. UK GDP figures are due on August 13, while the U.S. side brings PPI, jobless claims, and Fed speakers. This means the next move may be driven less by emotion and more by incoming numbers.
Card Scene
Page of Currencies does not rush into the market. It studies the map, watches the trendline, and waits for the data to reveal the next path. The pound has climbed far enough to attract buyers, but not far enough to remove the risk of rejection.
If GBPUSD holds above 1.3500–1.3510, buyers may try to push again toward 1.3550–1.3600. If the trendline breaks, the pair may rotate back toward 1.3473, where the SMA 200 becomes the next test.
Tarot offers one possible perspective and is not a substitute for technical analysis. This publication does not constitute investment advice.
Today’s card is Page of Currencies.
This card is a curious market scout. It points to research, fresh information, and the need to act only when analysis lights the way. For GBPUSD, this fits the current setup perfectly: the pair is holding near 1.3520, above the rising trendline, while traders wait for key UK data.
On the 1H chart, GBPUSD is still trading above the SMA 50 near 1.3510 and the SMA 200 near 1.3473, keeping the short-term structure constructive. But the pair is sitting just below the recent high area near 1.3550, so confirmation matters.
The news background is data-heavy. UK GDP figures are due on August 13, while the U.S. side brings PPI, jobless claims, and Fed speakers. This means the next move may be driven less by emotion and more by incoming numbers.
Card Scene
Page of Currencies does not rush into the market. It studies the map, watches the trendline, and waits for the data to reveal the next path. The pound has climbed far enough to attract buyers, but not far enough to remove the risk of rejection.
If GBPUSD holds above 1.3500–1.3510, buyers may try to push again toward 1.3550–1.3600. If the trendline breaks, the pair may rotate back toward 1.3473, where the SMA 200 becomes the next test.
Tarot offers one possible perspective and is not a substitute for technical analysis. This publication does not constitute investment advice.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.