Hey Traders, in today’s trading session we are monitoring GBPUSD for a buying opportunity around the 1.33500 zone.
GBPUSD is trading in a clear uptrend and is currently in a correction phase, approaching the trend area at 1.33500, which acts as a key support and resistance zone.
On the fundamental side, the US Dollar remains under pressure after the Fed’s recent 25 bps rate cut, which aligns with a broader shift toward easing. With markets now hyper-focused on labor market data, any sign of softness could increase expectations for another cut. The January FOMC isn’t fully priced for additional easing yet — which leaves room for more USD weakness, supporting GBPUSD’s bullish bias.
Trade safe,
Joe.
GBPUSD is trading in a clear uptrend and is currently in a correction phase, approaching the trend area at 1.33500, which acts as a key support and resistance zone.
On the fundamental side, the US Dollar remains under pressure after the Fed’s recent 25 bps rate cut, which aligns with a broader shift toward easing. With markets now hyper-focused on labor market data, any sign of softness could increase expectations for another cut. The January FOMC isn’t fully priced for additional easing yet — which leaves room for more USD weakness, supporting GBPUSD’s bullish bias.
Trade safe,
Joe.
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Free Telegram Group:
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
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.