GBPUSD - 5 Feb - wait entry SELL resistance

Feb 5

GBPUSD trend forecast February 5, 2025

GBP/USD continued its upward momentum on Tuesday, building on its recovery following the sharp decline earlier in the week driven by concerns over a trade war. These fears were triggered by US President Donald Trump's sweeping threats to impose heavy tariffs, aimed at pressuring some of the US' key trade partners. However, the tariffs, initially set to take effect on Tuesday, have been postponed by another 30 days—marking the third time Trump has walked back his own threats after securing concessions that were largely already in place under the previous administration.

The midweek session is expected to be relatively quiet in terms of economic data, with geopolitical developments taking a backseat as investors increasingly disregard Trump’s prolonged rhetoric on perceived trade injustices. Even if his tariff threats were to materialize, the UK is unlikely to be directly targeted by Trump's trade policies.

GBPUSD recovers, approaching the liquidity price zone, resistance 1.25200 (SELL entry)

/// SELL GBPUSD: zone 1.25200 - 1.25400

SL: 1.25700

TP: 40 - 70 - 150pips ( 1.23900)

Safe and profitable trading

Feb 5

Trade active

Near 20 pips, signal SELL GBPUSD ( 1.25200 - 1.25400 )

Feb 5

Trade closed: target reached

+ 40 pips, signal SELL GBPUSD ( 1.25200 - 1.25400 ), nice