GBP/USD Analysis for the Coming Week (Feb 17 - 21)

16 Feb

Market Overview: Last week, the pound experienced significant gains, driven by stronger than expected UK GDP reports. Despite strong CPI figures, the dollar generally weakened due to Trump's reciprocal tariffs wait.

Price Action:

Weekly Performance: Price bounced off the weekly iFVG to close higher, taking out previous weekly highs.

Imbalances: Multiple imbalances were left, most notably the daily FVG which aligns with the 4-hour and 1-hour buy-side imbalances.

Targets: Price is expected to fill these imbalances and move higher, targeting:

Last week's high at 1.2630

External range liquidity at 1.2665 and 1.2700

Monthly Outlook: The monthly candle is being pulled towards the imbalance at 1.2800.

Monday is a holiday no news will be waiting for trump speech on tuesday a, uk cpi y/y wednesday together with FOMC.

Conclusion: Overall, GBP/USD is set to continue its upward momentum, with key levels to watch being 1.2630, 1.2665, 1.2700, and 1.2800.

23 Feb

Dagangan ditutup: sasaran tercapai

Wednesday made the low of the week which was filling an daily imbalance formed between thursday and monday and price reversed to the upside targeting buyside and ERL.