GBPUSD analysis new week
Actualizado
Fundamental analysis:
GBP/USD ended the trading session high in a two-week rally as the US dollar generally came under pressure from investors who flocked to hopes of a Federal Reserve cut. interest rates in September. Markets are ignoring the unexpected rise in wholesale inflation according to the Producer Price Index (PPI).
Despite a significant increase in manufacturing-level inflation, market attention turned to the decline in Consumer Price Index (CPI) inflation at the start of the week, leading to higher expectations of a rate cut capacity.
Next week, the Pound will face the UK Consumer Price Inflation Index (CPI), scheduled for release next Wednesday. UK Labor and Retail Sales data will be released in the second half of the week, and on the Greenback side, US Retail Sales will decline to start the week on Tuesday.
Technical analysis:
GBPUSD is rising within the range, approaching this year's high at 1.30000. Since breaking this peak of 1.28900 GBPUSD has received bullish confirmation, opening up the next upside target at the highs highest in a year. In the long term, GBPUSD is still in a strong uptrend and has not shown signs of recovery, showing the possibility of price increases to a higher level. A decisive break above the 1.30000 high would open up targets at 1.31200. The recovery can find the important support areas breaking out 1.28600 and deeper into the strong support area of the two EMA lines around 1.27100.
Support: 1.28500-1.27100
Resistance: 1.30000-1.31200
SELL GBPUSD zone 1.31200-131400 Stoploss 1.31500
BUY GBPUSD zone 1.28500-1.28300 Stoploss 1.28200
GBP/USD ended the trading session high in a two-week rally as the US dollar generally came under pressure from investors who flocked to hopes of a Federal Reserve cut. interest rates in September. Markets are ignoring the unexpected rise in wholesale inflation according to the Producer Price Index (PPI).
Despite a significant increase in manufacturing-level inflation, market attention turned to the decline in Consumer Price Index (CPI) inflation at the start of the week, leading to higher expectations of a rate cut capacity.
Next week, the Pound will face the UK Consumer Price Inflation Index (CPI), scheduled for release next Wednesday. UK Labor and Retail Sales data will be released in the second half of the week, and on the Greenback side, US Retail Sales will decline to start the week on Tuesday.
Technical analysis:
GBPUSD is rising within the range, approaching this year's high at 1.30000. Since breaking this peak of 1.28900 GBPUSD has received bullish confirmation, opening up the next upside target at the highs highest in a year. In the long term, GBPUSD is still in a strong uptrend and has not shown signs of recovery, showing the possibility of price increases to a higher level. A decisive break above the 1.30000 high would open up targets at 1.31200. The recovery can find the important support areas breaking out 1.28600 and deeper into the strong support area of the two EMA lines around 1.27100.
Support: 1.28500-1.27100
Resistance: 1.30000-1.31200
SELL GBPUSD zone 1.31200-131400 Stoploss 1.31500
BUY GBPUSD zone 1.28500-1.28300 Stoploss 1.28200
Operación activa
Nota
GBP/USD holds losses below 1.3000, as focus shifts to Powell speechGBP/USD is trading on a slippery slope below 1.3000 in European trading on Monday. The pair is undermined by resurgent US Dollar demand, following the assassination attempt on ex-US President Donald Trump. Dovish BoE-speak also weighs on the pair ahead of Powell's speech.
Operación activa
SELL GBPUSDNota
GBP/USD loses traction, drops to 1.2950 areaGBP/USD struggles to keep its footing and trades in negative territory at around 1.2950 in the American session. June Retail Sales data from the US helps the US Dollar stay resilient against its rivals, not allowing the pair to build on previous week's gains.
Operación activa
Nota
GBP/USD reclaims 1.30 as markets tilt further into rate cut hopesGBP/USD inched further into fresh highs, testing chart territory north of the 1.3000 handle on Wednesday. Broad-market hopes of a rate cut from the Federal Reserve in September kept the Greenback underbid and gave the Pound Sterling a leg up in the mid-week market session.
Operación activa
Nota
GBP/USD flirts with weekly low below 1.2950 after UK Retail SalesGBP/USD is testing weekly lows below 1.2950 in the early European session on Friday. The pair stays on the back foot after disappointing UK Retail Sales data amid the extended US Dollar recovery. The focus now shifts to the Fedspeak.
Nota
Operación activa
Operación cerrada: objetivo alcanzado
Nota
GBP/USD weakens below 1.2900, US GDP data loomsThe GBP/USD pair edges lower to 1.2895 during the Asian trading hours on Thursday. The higher possibility that the Bank of England will begin cutting interest rates in August has undermined the Pound Sterling. In the absence of top-tier UK economic data releases, the GBP/USD pair will be influenced by the USD.
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