GBP/ USD !! Resistance zone H4 !! SELL

⭐️Smart investment, Strong finance

⭐️ GBP/ USD INFORMATION:
The GBP/USD pair remains above the 1.2800 level in early Asian trading on Friday, supported by selling pressure on the US Dollar. Focus will be on the US labor market data for February. GBP/USD is currently trading around 1.2810, up 0.01% on the day.

Federal Reserve Chair Jerome Powell presented the Monetary Policy Report and discussed potential interest rate cuts during a Senate Banking Committee meeting on Thursday. Powell suggested that rate cuts could happen soon if inflation signals cooperate, but did not provide a specific timeline. Investors anticipate the first cut to occur in June, with a total of four reductions by the end of 2024, amounting to a full percentage point decrease.

⭐️Personal comments NOVA:
Resistance zone H4, buying force weakens, setting up SELL signal

⭐️SET UP GBP/ USD PRICE:

🔥SELL zone: 1.28050 - 1.28250 SL 1.28550
TP1: 1.27700
TP2: 1.27300
TP3: 1.27000

⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.

⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest