GBPUSD - 30 Jan - Bullish move, H1 frame price increase

Jan 30

GBPUSD trend forecast January 30, 2025

The US fourth-quarter Gross Domestic Product (GDP) data is set for release on Thursday. Market expectations indicate a slowdown in annualized GDP growth, with a projected figure of 2.6%, down from the previous 3.1%. Inflation remains a concern, and the Q4 GDP Price Index is anticipated to rise to 2.5% from 1.9%.

On Friday, the Core Personal Consumption Expenditures Price Index (PCEPI) will be published. The monthly PCEPI for December is expected to increase slightly to 0.2% month-over-month from the prior 0.1%, while the annualized rate is forecasted to remain steady at 2.8% year-over-year—still above the Federal Reserve’s 2% target, potentially tempering expectations for accelerated rate adjustments.

Price is still mainly accumulating - moving up the price line, today broke the H1 frame waiting for buy entry

/// BUY GBPUSD : zone 1.24250- 1.24050

SL: 1.23800

TP: 40 - 70 - 150pips ( 1.25550 )

Safe and profitable trading

Jan 30

Trade active

GBPUSD is starting to decrease on Entry Buy, the trend is exactly today

Jan 30

Trade closed: target reached

+ 55 pips , signal BUY GBPUSD ( zone 1.24250 - 1.24050 ) , amazing