GBPUSD Favorable strategy for buyers

Analysis and strategy GBPUSD

GBPUSD edges higher during the Asian session on Monday amid subdued USD demand. The uncertainty over the Fed's rate-hike path is seen as a key factor undermining the USD. The lack of any meaningful buying warrants some caution for aggressive bullish traders.

GBP/USD climbed to a weekly high of 1.2747 on Wednesday before staging a technical correction toward 1.2700 early Thursday. The pair's technical outlook points to a bullish tilt as investors await key data releases from the US.

The table below shows the percentage change of Pound Sterling (GBP) against listed major currencies today. Pound Sterling was the weakest against the Japanese Yen.

In the second half of the day, weekly Initial Jobless Claims and Personal Consumption Expenditures (PCE) Price Index data will be featured in the US economic docket.

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🔥 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

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BUY GBPUSD 1.25965 - 1.25865

SL: 1.25365

TP 1 : 1.26265
TP 2 : 1.26665
TP 3 : 1.27265

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+40pips for entry BUY 👏 👏

Trade stängt: målet nått:

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