GBP/USD breaks through here and continues to be bullish
Due to improved market sentiment and the weakening of the US dollar, GBP/USD rebounded to 1.2500.The 1.2350 support level is the key to continuing to be bullish, and it is still possible to hit a new high so far this year; hawkish remarks around the Bank of England may continue to support the pound.
Given that the theme of this week is the overall market sentiment and its impact on the US dollar, the author does not expect this to change.Today's economic data is light, and the US durable goods data is the only data worth paying attention to (the result is 3.2%, which exceeds the expected 0.7% and the revised value is -1.2%).I think that if market sentiment remains optimistic for the rest of the week, GBP/USD may retest its recent high.Coupled with the hawkish remarks around the Bank of England after the release of British inflation data last week, it should support the pound before the FOMC meeting next week.
The recent trend of GBP/USD is largely driven by overall market sentiment, and the range between 1.2350 and 1.2550 provides potential range trading opportunities.The daily closing price is higher or lower than the top or bottom of the range, which is the key to continuing bullish or deep downward correction.
Taken together, the current strength of the euro and the weakness of the US dollar, EUR/USD can still continue to be bullish, but pay attention to several key support levels and pressure positions.
Pressure level:
•1.2500
•1.2550
•1.2757
support level:
•1.2400
•1.2350
•1.2200
Any analytical indicator is just a reference. The market is changing all the time. If you try to avoid missing information, you can pay attention directly. At the same time, you have a list in your hand that is trapped. I can also help you find a solution.
You can find me by clicking on the link below.
Given that the theme of this week is the overall market sentiment and its impact on the US dollar, the author does not expect this to change.Today's economic data is light, and the US durable goods data is the only data worth paying attention to (the result is 3.2%, which exceeds the expected 0.7% and the revised value is -1.2%).I think that if market sentiment remains optimistic for the rest of the week, GBP/USD may retest its recent high.Coupled with the hawkish remarks around the Bank of England after the release of British inflation data last week, it should support the pound before the FOMC meeting next week.
The recent trend of GBP/USD is largely driven by overall market sentiment, and the range between 1.2350 and 1.2550 provides potential range trading opportunities.The daily closing price is higher or lower than the top or bottom of the range, which is the key to continuing bullish or deep downward correction.
Taken together, the current strength of the euro and the weakness of the US dollar, EUR/USD can still continue to be bullish, but pay attention to several key support levels and pressure positions.
Pressure level:
•1.2500
•1.2550
•1.2757
support level:
•1.2400
•1.2350
•1.2200
Any analytical indicator is just a reference. The market is changing all the time. If you try to avoid missing information, you can pay attention directly. At the same time, you have a list in your hand that is trapped. I can also help you find a solution.
You can find me by clicking on the link below.
Comment:
Normal fluctuations, you can consider multiple orders to enter
Comment:
Pay attention to the pressure position
Trade active
Trade active