R.Linda Trading - forecast

GBPUSD → News ahead. The pound could fall, but...

💡Ideas For GBPUSD 🇬🇧🇺🇸

📈 GBPUSD → News ahead. The pound could fall, but...


The pound sterling (GBPUSD) declines in the first half to 1.2615, and on Wednesday the currency pair strengthens in anticipation of news in the US market. What should we prepare for?
Today we are in anticipation of strong news: (rlinda. com) ADP NonFarm EC, Initial Jobless Claims, SP PMI. Fundamentally, analysts expect the DXY to strengthen based on the expected data. This will have a corresponding effect on the forex market. The actual data can either meet or break these expectations. But, the Fed has recently said that they are fully prepared to raise interest rates, trying to keep the market in a tight grip. Technically, the GBPUSD may head towards the support of the upside range of 1.2550 - 1.2506. A correction phase is forming after a false breakdown of the resistance. The area of interest is below 1.2615.

Until the news publication, until 13:15 - 14:45 the market may be in a neutral state.

Resistance levels: 1.2715, 1.2784

Support levels: 1.2615, 1.2506

Technically, the currency pair may fall after the price fixation below 1.2715. (rlinda. com) But, if the news comes out worse than expected, it may strengthen the pair and the cu