📊 Technical Analysis
● GBPUSD is attempting a reversal from the lower boundary of a descending channel after forming a short-term double-bottom near 1.3138.
● Price is now climbing toward 1.3258 resistance, supported by bullish divergence and a break of the local falling wedge.
💡 Fundamental Analysis
● The USD is under pressure ahead of key NFP data, as ISM manufacturing misses weighed on Treasury yields.
● Positive UK PMI and consumer lending data have supported GBP, with BoE policy expectations firming above neutral.
✨ Summary
Long bias above 1.3138. Breakout targets 1.3258 ➜ 1.3423. Setup valid while price holds above 1.3110 support.
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● GBPUSD is attempting a reversal from the lower boundary of a descending channel after forming a short-term double-bottom near 1.3138.
● Price is now climbing toward 1.3258 resistance, supported by bullish divergence and a break of the local falling wedge.
💡 Fundamental Analysis
● The USD is under pressure ahead of key NFP data, as ISM manufacturing misses weighed on Treasury yields.
● Positive UK PMI and consumer lending data have supported GBP, with BoE policy expectations firming above neutral.
✨ Summary
Long bias above 1.3138. Breakout targets 1.3258 ➜ 1.3423. Setup valid while price holds above 1.3110 support.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
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.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
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.