GBPUSD H4 5 March 2024
GBP/USD, H4
The Pound Sterling maintains a positive trajectory, supported by an optimistic economic outlook articulated by UK Prime Minister Rishi Sunak. Sunak emphasized that the UK economy is on the right track, hinting at potential tax cuts in the upcoming budget. Despite the lack of clarity on budget details, investors are advised to vigilantly monitor developments for nuanced trading signals.
GBP/USD is trading higher while currently testing the resistance level. Suggesting the pair might extend its gains after breakout
Resistance level:1.2710, 1.2785
Support level: 1.2635, 1.2530
The Pound Sterling maintains a positive trajectory, supported by an optimistic economic outlook articulated by UK Prime Minister Rishi Sunak. Sunak emphasized that the UK economy is on the right track, hinting at potential tax cuts in the upcoming budget. Despite the lack of clarity on budget details, investors are advised to vigilantly monitor developments for nuanced trading signals.
GBP/USD is trading higher while currently testing the resistance level. Suggesting the pair might extend its gains after breakout
Resistance level:1.2710, 1.2785
Support level: 1.2635, 1.2530
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.