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Concerns are growing that the slowdown in US inflation may be delayed due to recent increases in international oil prices, remarks from Federal Reserve officials, and positive US economic indicators. If signs of inflation moderation do not appear, the timing of Fed rate cuts could also be postponed, with worries expanding that it may not occur in June as hoped by the market, but rather later. Major issues are scheduled for this week and next, and volatility is expected to increase accordingly.
- On April 5th, the US March nonfarm payrolls will be released.
- On April 10th, the US March Consumer Price Index and Federal Open Market Committee meeting minutes will be released.
- On April 11th, the European Central Bank's interest rate decision and US March Producer Price Index will be released.
- On April 12th, the UK February monthly GDP will be released.
The GBPUSD price has shown a downward trend breaking recent support levels. This indicates that the short-term direction is biased downwards. Therefore, it would be advantageous to consider the possibility of a further decline to the lower trend line, and it would be more favorable to respond at each support and resistance level rather than immediately.
In terms of anticipated movements and support and resistance levels:
First, a continued short-term decline from the current price with a rebound around the 1.24800 line.
Second, a rise from the current price followed by resistance around the 1.30000 line leading to a decline.
If unexpected movements occur, we will quickly adjust our strategy.
Please share your personal opinions in the comments. We kindly ask for your support through boosting and subscribing.
Concerns are growing that the slowdown in US inflation may be delayed due to recent increases in international oil prices, remarks from Federal Reserve officials, and positive US economic indicators. If signs of inflation moderation do not appear, the timing of Fed rate cuts could also be postponed, with worries expanding that it may not occur in June as hoped by the market, but rather later. Major issues are scheduled for this week and next, and volatility is expected to increase accordingly.
- On April 5th, the US March nonfarm payrolls will be released.
- On April 10th, the US March Consumer Price Index and Federal Open Market Committee meeting minutes will be released.
- On April 11th, the European Central Bank's interest rate decision and US March Producer Price Index will be released.
- On April 12th, the UK February monthly GDP will be released.
The GBPUSD price has shown a downward trend breaking recent support levels. This indicates that the short-term direction is biased downwards. Therefore, it would be advantageous to consider the possibility of a further decline to the lower trend line, and it would be more favorable to respond at each support and resistance level rather than immediately.
In terms of anticipated movements and support and resistance levels:
First, a continued short-term decline from the current price with a rebound around the 1.24800 line.
Second, a rise from the current price followed by resistance around the 1.30000 line leading to a decline.
If unexpected movements occur, we will quickly adjust our strategy.