🔹 Technical Structure
GBPUSD GBP/USD is currently holding around 1.3470, consolidating after losing momentum from last week’s rebound. The pair is supported by the ascending trendline and the 1.3424–1.3438 support zone, while resistance is seen at 1.3514–1.3527. Short-term price action suggests a potential dip into the support zone before buyers regain control to retest the resistance area.
📌 Trade Setup
Entry: 1.3424 – 1.3438 (buy zone near support & trendline)
Stop Loss: 1.3415 (below key support)
Take Profit: 1.3527
Risk/Reward: ~1 : 4
🌍 Macro Background
The Bank of England (BoE) remains cautious, warning that recent inflation shocks should not be dismissed as temporary. UK inflation is expected to peak around 4% in September, keeping pressure on the central bank to maintain a restrictive stance.
On the US side, Fed speakers like Kansas City’s Schmid have emphasized the need to uphold inflation credibility, but markets are increasingly betting on rate cuts, with CME FedWatch showing a 94% probability of an October cut and 84% for December.
Meanwhile, the US government shutdown continues, undermining confidence in the dollar and limiting the impact of otherwise supportive data. If the shutdown drags on, risk sentiment could favor GBP recovery.
📊 Key Technical Levels
Resistance: 1.3514 / 1.3527
Support: 1.3424 / 1.3438
Trendline Support: 1.3435 (approx.)
📝 Trade Summary
The GBP/USD outlook favours a buy-the-dip strategy, as long as 1.3420 support holds. Dollar weakness tied to Fed rate cut expectations and political risks should provide medium-term upside potential, targeting the 1.3527 resistance zone.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
GBPUSD GBP/USD is currently holding around 1.3470, consolidating after losing momentum from last week’s rebound. The pair is supported by the ascending trendline and the 1.3424–1.3438 support zone, while resistance is seen at 1.3514–1.3527. Short-term price action suggests a potential dip into the support zone before buyers regain control to retest the resistance area.📌 Trade Setup
Entry: 1.3424 – 1.3438 (buy zone near support & trendline)
Stop Loss: 1.3415 (below key support)
Take Profit: 1.3527
Risk/Reward: ~1 : 4
🌍 Macro Background
The Bank of England (BoE) remains cautious, warning that recent inflation shocks should not be dismissed as temporary. UK inflation is expected to peak around 4% in September, keeping pressure on the central bank to maintain a restrictive stance.
On the US side, Fed speakers like Kansas City’s Schmid have emphasized the need to uphold inflation credibility, but markets are increasingly betting on rate cuts, with CME FedWatch showing a 94% probability of an October cut and 84% for December.
Meanwhile, the US government shutdown continues, undermining confidence in the dollar and limiting the impact of otherwise supportive data. If the shutdown drags on, risk sentiment could favor GBP recovery.
📊 Key Technical Levels
Resistance: 1.3514 / 1.3527
Support: 1.3424 / 1.3438
Trendline Support: 1.3435 (approx.)
📝 Trade Summary
The GBP/USD outlook favours a buy-the-dip strategy, as long as 1.3420 support holds. Dollar weakness tied to Fed rate cut expectations and political risks should provide medium-term upside potential, targeting the 1.3527 resistance zone.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
ATFX is a globally regulated, award-winning fintech broker offering customer support in 20 languages.
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👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
ATFX is a globally regulated, award-winning fintech broker offering customer support in 20 languages.
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.