Tickmill’s Investing Diva, Daily GBPUSD Outlook 09-06-20

Feb 7, 2024 - 10:51

GBPUSD Daily Outlook – Last week the USD continued to get hurt by mass U.S. protests and continued U.S.-China tensions, despite the continued “reopening” theme driving risk sentiment more towards the positive side. The British Pound, on the other hand, was a net positive performer despite net negative economic updates from the UK. Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the <a href="https://www.youtube.com/channel/UCygXlFW43dWBKnNty1s-W_g">Tickmill YouTube channel</a> and support us by liking and sharing this video with your forex trading friends. This week we’ll be eyeing the EU area GDP, China’s inflation rate, and the UK GDP among other key economic data. <iframe src="https://www.youtube.com/embed/zeRZyztF0QM" width="100%" height="481" frameborder="0" allowfullscreen="allowfullscreen" data-mce-fragment="1"></iframe> Today I’m looking at the GBP/USD pair which reached the key resistance level of 1.27 last week and is currently testing the lower bank of the weekly Ichimoku cloud. The future Ichimoku cloud on the weekly chart appears bearish, so there’s a chance we could see a bit of a pullback here before the pair is ready to go for further gains towards the next key resistance and the 23% Fibonacci retracement level of 1.30. Are you a Pound-Bull or a Pound-Bear this week? Head over to the comments section and let me know. Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company. High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% and 70% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The post <a rel="nofollow" href="https://blog.tickmill.com/fund-analysis/tickmills-investing-diva-usdchf-daily-outlook-09-06-20/">Tickmill’s Investing Diva, Daily GBPUSD Outlook 09-06-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.

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