GBPUSD - USD increases, directly affecting tax policy

Feb 3

GBPUSD trend forecast February 3, 2025

GBP/USD extends its losing streak for the fifth straight session, trading near 1.2270 during Monday’s Asian session. The pair has declined by approximately 1% as the US Dollar Index (DXY), which tracks the USD against six major currencies, strengthens following US President Donald Trump's latest tariff measures on China, Canada, and Mexico.

Over the weekend, the US announced 25% tariffs on imports from Canada and Mexico, while Chinese exports will face a 10% tariff. Additionally, Canadian energy exports will be subject to a 10% tariff, as reported by CTV. These tariffs, set to take effect on Tuesday, will remain in place until the fentanyl overdose crisis is resolved. In response, Canada, Mexico, and China have vowed to implement retaliatory actions against the broad new trade restrictions.

USD increased, causing XXX/USD pairs to fall at the beginning of the week, creating a GAP. Waiting for the market to stabilize and recover.

/// BUY GBPUSD: zone 1.22450 - 1.22250

SL: 1.21950

TP: 40 - 70 - 150pips ( 1.23750 )

Safe and profitable trading

Feb 3

Trade active

+ 70 pips profit , signal BUY 1.22450 - 1.22250 , amazing

Feb 3

Trade closed: target reached

+ 140 pips profit , signal BUY 1.22450 - 1.22250 , so good