Hello everyone,
Currently, GBP/USD is benefiting from expectations that the Fed will cut rates soon, while the BoE maintains a stable policy. Recent statements from Fed officials have reinforced GBP’s strength and applied pressure on USD. Additionally, upcoming US macro releases, such as retail sales and Q3 GDP, could continue to drive GBP higher.
Technically, GBP/USD is in a clear uptrend on the H4 chart, with higher lows and higher highs — a sign that buyers remain dominant. Green FVG zones below provide support and prevent deep declines, while the Ichimoku Cloud also confirms the uptrend: price sits above the cloud, with the cloud ahead thick and sloping upwards.
My forecast:
📈 Price may pull back slightly to 1.3150 (green FVG support) before continuing towards 1.3200, testing the recent highs and potentially moving further if buying momentum persists.
This bullish scenario should only be reconsidered if price breaks below 1.3150.
Currently, GBP/USD is benefiting from expectations that the Fed will cut rates soon, while the BoE maintains a stable policy. Recent statements from Fed officials have reinforced GBP’s strength and applied pressure on USD. Additionally, upcoming US macro releases, such as retail sales and Q3 GDP, could continue to drive GBP higher.
Technically, GBP/USD is in a clear uptrend on the H4 chart, with higher lows and higher highs — a sign that buyers remain dominant. Green FVG zones below provide support and prevent deep declines, while the Ichimoku Cloud also confirms the uptrend: price sits above the cloud, with the cloud ahead thick and sloping upwards.
My forecast:
📈 Price may pull back slightly to 1.3150 (green FVG support) before continuing towards 1.3200, testing the recent highs and potentially moving further if buying momentum persists.
This bullish scenario should only be reconsidered if price breaks below 1.3150.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.