GBPUSD - 6 Feb - Official Bank Rate( down )
GBPUSD trend forecast February 6, 2025
GBP/USD saw renewed buying interest as the US Dollar weakened across the board. Market sentiment improved as investors moved past early-week trade war concerns, while traders in the Cable pair remained focused on the Bank of England’s (BoE) upcoming rate decision.
Meanwhile, US ADP Employment Change data for January exceeded expectations, reporting a gain of 183K jobs compared to the anticipated drop to 150K from December’s revised figure of 176K. Although ADP job reports are not always a reliable predictor of the upcoming US Nonfarm Payrolls (NFP) data, the stronger-than-expected result has reinforced investor confidence in the resilience of the US economy.
Waiting for GBP interest rate today, interest rate cut as expected, selling pressure on GBPUSD pair soon
/// SELL GBPUSD: zone 1.25150 - 1.25000
SL: 1.25500
TP: 40 - 70 - 150pips ( 1.23650)
Safe and profitable trading
GBP/USD saw renewed buying interest as the US Dollar weakened across the board. Market sentiment improved as investors moved past early-week trade war concerns, while traders in the Cable pair remained focused on the Bank of England’s (BoE) upcoming rate decision.
Meanwhile, US ADP Employment Change data for January exceeded expectations, reporting a gain of 183K jobs compared to the anticipated drop to 150K from December’s revised figure of 176K. Although ADP job reports are not always a reliable predictor of the upcoming US Nonfarm Payrolls (NFP) data, the stronger-than-expected result has reinforced investor confidence in the resilience of the US economy.
Waiting for GBP interest rate today, interest rate cut as expected, selling pressure on GBPUSD pair soon
/// SELL GBPUSD: zone 1.25150 - 1.25000
SL: 1.25500
TP: 40 - 70 - 150pips ( 1.23650)
Safe and profitable trading
Trade active
GBPUSD price is down trending, comment on February 6, 2025
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.