GBPUSD | Perspective for the new week | Follow-up

アップデート済

U.S. consumer spending rose moderately in February, while inflation showed signs of cooling hereby boosting hopes the Federal Reserve would be less aggressive in hiking interest rates. On the other hand, a dim economic outlook overshadows data revealing Britain avoided a recession in the final months of 2022 could be a turning point for the Sterling as it hit resistance again at the close of last week's trading session at the $1.24500 zone. In this video, we did a technical analysis of the current market structure to decipher what to look out for in the coming week as all eyes will be on the NFP data amongst other high-impact macroeconomic events this week.

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トレード稼働中

The new month has started on a bearish note and we are going to use the newly identified range on the 1H timeframe to guide our trading activities for today.

Good morning

トレード稼働中

Fall out from our live session this morning

トレード稼働中

Selling pressure might resume any time soon

トレード稼働中

Price action conitnues to find higher high hereby missing out on this bullish momentum. A breakout/retest of the 1.24200 level will welcome buying opportuniites today. See you soon at the morning live session

Good morning

トレード稼働中

Fall out from our morning live session, secure buy position

トレード稼働中

The consolidation phase extends into the early hours of today. Ensure all buy positions are secured while we wait for more trading opportunities.

Good morning

トレード稼働中

Be on standby

トレード稼働中

Secure sell position

手動でトレードを終了しました

Price action takes out the sell position as buying pressure resumes. Let's hold on and see how price action reacts to the 1.24700 Level for the next line of action.

Good morning

トレード稼働中

Just as discussed during our live session this morning. 2 positions running in profit, secure all sell positions

手動でトレードを終了しました

Buying pressure resumes as the tendency of the breakout/retest of the trendline increases. A detailed explanation of the current market structure ahead of the NFP during our morning live session.

Good morning