GBPUSD Approaching the weekly trend ahead of CPI data.
Dear Traders,
I'd like to bring your attention to the current market conditions of GBPUSD. It is currently experiencing a downtrend but is undergoing a correction phase. The price is approaching a significant resistance zone at 1.26100, which coincides with the major trend. This area is worth monitoring closely.
In addition, it's crucial to take into account the upcoming Consumer Price Index (CPI) release this week. This economic indicator is expected to have a substantial impact on the strength of the US dollar and may provide insights into the future actions of Fed Chair Powell. If the CPI figures are higher than anticipated, it suggests that the Fed may need to continue raising interest rates, which could strengthen the dollar further. On the other hand, if the CPI falls below expectations, it is more likely that the Fed will postpone any rate hikes in their next monetary policy decision.
Remember to prioritize risk management and trade with caution.
Best regards,
Joe
I'd like to bring your attention to the current market conditions of GBPUSD. It is currently experiencing a downtrend but is undergoing a correction phase. The price is approaching a significant resistance zone at 1.26100, which coincides with the major trend. This area is worth monitoring closely.
In addition, it's crucial to take into account the upcoming Consumer Price Index (CPI) release this week. This economic indicator is expected to have a substantial impact on the strength of the US dollar and may provide insights into the future actions of Fed Chair Powell. If the CPI figures are higher than anticipated, it suggests that the Fed may need to continue raising interest rates, which could strengthen the dollar further. On the other hand, if the CPI falls below expectations, it is more likely that the Fed will postpone any rate hikes in their next monetary policy decision.
Remember to prioritize risk management and trade with caution.
Best regards,
Joe
İşlem aktif
Price is rejecting the trend, Plus we have an important event tomorrow which is CPI data!Not
Waiting for tomorrow's FOMC to see the development of the trade
Free Telegram Group:
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Free Telegram Group:
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.