GBPUSD - 10 Feb - support zone, entry BUY

10 Feb

GBPUSD trend forecast February 10, 2025

The GBP/USD pair declines toward 1.239 during the Asian session on Monday, as the US Dollar strengthens following US President Donald Trump's pledge to implement reciprocal tariffs. Market attention now turns to the upcoming release of the US Consumer Price Index (CPI) for January, scheduled for Wednesday.

On Friday, Trump stated that he would announce reciprocal tariffs on Tuesday or Wednesday for countries that impose taxes on US imports, with the measures set to take effect almost immediately.

While tariffs on UK exports to the US remain a possibility, Trump has hinted that a deal could be negotiated. Traders will be closely monitoring further tariff announcements, as any escalation in trade tensions could reinforce demand for the safe-haven US Dollar.

Price tends to decrease at the beginning of the week, waiting for good liquidity support zone to activate BUY signal, DXY shows good dollar strength

/// BUY GBPUSD: zone 1.23500-1.23300

SL: 1.23000

TP: 40 - 70 - 100pips ( 1.24300)

Safe and profitable trading

10 Feb

Dagangan aktif

GBPUSD price growth at the beginning of the week, not matching the entry Buy 1,23500