GBPUSD is looking bullish, with the current price around 1.3180-1.3190. Here are some potential trade ideas
Bullish Scenario
Buy GBPUSD
GBPUSD if it breaks above 1.3350, targeting 1.3450-1.3500.
Stop-loss below 1.3008.
Bearish Scenario
Sell GBPUSD if it breaks below 1.3008, targeting 1.2831.
Stop-loss above 1.3247.
Key levels to watch
Support: 1.3008, 1.2831
Resistance: 1.3350, 1.3450-1.3500, 1.3725/3787
The market is influenced by factors like
UK Economic Data: GDP, inflation, and employment data
US Economic Data: Fed policy decisions and economic indicators
Global Economic Trends: Risk appetite and market volatility
Keep an eye on these events and adjust your trade plan accordingly
