GBPUSD is stuck near 1.3400, with buyers defending the 1.3330–1.3350 zone and sellers repeatedly blocking price near 1.3440–1.3450. This kind of compression usually means the market is waiting for a stronger catalyst before choosing direction.
From a macro angle, traders are still watching Fed expectations, US data, and upcoming UK economic releases. Until one side breaks the range, short-term movement may remain choppy.
Trade Setup:
Buy Zone: 1.3390 – 1.3415
Stop Loss: 1.3330
Take Profit 1: 1.3450
Take Profit 2: 1.3500
Take Profit 3: 1.3520
A clean break below 1.3330 would shift focus toward 1.3280–1.3250.
From a macro angle, traders are still watching Fed expectations, US data, and upcoming UK economic releases. Until one side breaks the range, short-term movement may remain choppy.
Trade Setup:
Buy Zone: 1.3390 – 1.3415
Stop Loss: 1.3330
Take Profit 1: 1.3450
Take Profit 2: 1.3500
Take Profit 3: 1.3520
A clean break below 1.3330 would shift focus toward 1.3280–1.3250.
Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.