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Today, the fourth-quarter GDP of the UK was announced. It was in line with expectations, but showed a decline compared to the previous figure. Major economic indicators from the United States will be announced starting today, which is expected to increase volatility in the dollar.
- The US fourth-quarter GDP will be announced on March 28th.
- On March 29th, the February PCE price index for the US and a speech by Fed Chair Powell are scheduled.
- Next week, Eurozone CPI for March and US employment indicators are scheduled.
GBPUSD, which has been following an upward trend recently, has retraced towards the previous support zone. If it rebounds from this zone, we can expect a steady rise towards the 1.31000 level. However, if it breaks below the current support zone, we might see further downward pressure towards the lower trendline. Additionally, with major indicators from the US and other key countries being released from this week to next, the market is expected to be somewhat challenging.
To summarize the anticipated movements:
First, finding support around 1.26000 and rising to 1.31000 before facing resistance.
Second, finding support around 1.26000 and experiencing a rapid surge to 1.35000.
Third, breaking below 1.26000 and experiencing a short-term decline towards the lower trendline at 1.23500.
If there are unexpected movements such as breaking below the support line, we will quickly adjust our strategy.
Please share your personal opinions in the comments. Booster and subscription are appreciated.
Today, the fourth-quarter GDP of the UK was announced. It was in line with expectations, but showed a decline compared to the previous figure. Major economic indicators from the United States will be announced starting today, which is expected to increase volatility in the dollar.
- The US fourth-quarter GDP will be announced on March 28th.
- On March 29th, the February PCE price index for the US and a speech by Fed Chair Powell are scheduled.
- Next week, Eurozone CPI for March and US employment indicators are scheduled.
GBPUSD, which has been following an upward trend recently, has retraced towards the previous support zone. If it rebounds from this zone, we can expect a steady rise towards the 1.31000 level. However, if it breaks below the current support zone, we might see further downward pressure towards the lower trendline. Additionally, with major indicators from the US and other key countries being released from this week to next, the market is expected to be somewhat challenging.
To summarize the anticipated movements:
First, finding support around 1.26000 and rising to 1.31000 before facing resistance.
Second, finding support around 1.26000 and experiencing a rapid surge to 1.35000.
Third, breaking below 1.26000 and experiencing a short-term decline towards the lower trendline at 1.23500.
If there are unexpected movements such as breaking below the support line, we will quickly adjust our strategy.