GBP/USD: Downtrend Extended
Hello traders!
Today, GBP/USD made an impressive reversal above 1.3000 on Monday, as the market turned cautious ahead of a slew of important economic data from the UK due for release this week. The wage and employment reports will kick off on Tuesday morning, followed by notable CPI and PPI figures on Wednesday.
Technical analysis shows that GBP/USD remains stuck in a downtrend channel, with strong resistance at 1.3300 still intact. This suggests that the market is unlikely to make a significant breakout in the short term without fresh momentum.
Today, GBP/USD made an impressive reversal above 1.3000 on Monday, as the market turned cautious ahead of a slew of important economic data from the UK due for release this week. The wage and employment reports will kick off on Tuesday morning, followed by notable CPI and PPI figures on Wednesday.
Technical analysis shows that GBP/USD remains stuck in a downtrend channel, with strong resistance at 1.3300 still intact. This suggests that the market is unlikely to make a significant breakout in the short term without fresh momentum.
✅Free trading signals here:
👉 t.me/+TNpn2UzzCR42MTBl
👉 t.me/+TNpn2UzzCR42MTBl
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.