GBP/USD has extended its decline after reaching our predicted supply area, as outlined in our previous analysis. (Link below.)
Prolonged Downtrend Expected
The current trend suggests that the price may continue to fall over the next few months, potentially reaching the demand area around 1.24 before experiencing a new bullish impulse. This aligns with our forecast, anticipating a bearish phase until October.
Anticipation of Monetary Policy Announcements
Traders are awaiting key monetary policy announcements from the Federal Reserve on Wednesday and the Bank of England on Thursday. These events are expected to inject fresh volatility into the market, possibly pushing GBP/USD even lower.
Market Sentiment and Indices
Meanwhile, the UK's FTSE 100 Index has dipped by 0.3%, while US stock index futures are trading marginally higher, reflecting a cautious market stance.
Strategy and Outlook
Given these conditions, we maintain our bearish outlook and continue to hold our short position, anticipating further downward movement in GBP/USD.
Previous Forecast:
✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Prolonged Downtrend Expected
The current trend suggests that the price may continue to fall over the next few months, potentially reaching the demand area around 1.24 before experiencing a new bullish impulse. This aligns with our forecast, anticipating a bearish phase until October.
Anticipation of Monetary Policy Announcements
Traders are awaiting key monetary policy announcements from the Federal Reserve on Wednesday and the Bank of England on Thursday. These events are expected to inject fresh volatility into the market, possibly pushing GBP/USD even lower.
Market Sentiment and Indices
Meanwhile, the UK's FTSE 100 Index has dipped by 0.3%, while US stock index futures are trading marginally higher, reflecting a cautious market stance.
Strategy and Outlook
Given these conditions, we maintain our bearish outlook and continue to hold our short position, anticipating further downward movement in GBP/USD.
Previous Forecast:
✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Giao dịch đang hoạt động
✅ Closed 50% and Move SL to breakeven. Close at your discretion.
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.