USD/JPY Faces Challenges as US Economic Data Weakens on Nostr: GBP/USD Extends Rally as Rate Cut Hopes Reignite =============== #a73498e0 ver:0.63 ...
GBP/USD Extends Rally as Rate Cut Hopes Reignite
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#a73498e0 ver:0.63
The GBP/USD pair extended its rally as rate cut hopes reignited and US economic data disappointed. The UK general election introduced volatility, with Labour expected to win a majority. The pair faces a heavy supply zone above 1.2800, while traders monitor election results. Technical forecasts suggest holding above 1.2775 will support further upside. The currency pair turned higher and is within the upper part of its mid and long-term technical charts. The climb was helped by lackluster US jobs numbers and bullish reactions to the UK election results. The outlook remains cloudy for both the UK and US economies. The coming week will be interesting with US inflation data and resistance levels to watch. Day traders should be cautious due to volatile conditions....
#newstr #Gbp/usd #RateCutHopes #UsEconomicData #UkGeneralElection #UsJoblessClaims #IsmServicesSurvey #UsInterestRates #ForexTrading #ResistanceLevels
https://here.news/story/a73498e0?ver=0.63
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#a73498e0 ver:0.63
The GBP/USD pair extended its rally as rate cut hopes reignited and US economic data disappointed. The UK general election introduced volatility, with Labour expected to win a majority. The pair faces a heavy supply zone above 1.2800, while traders monitor election results. Technical forecasts suggest holding above 1.2775 will support further upside. The currency pair turned higher and is within the upper part of its mid and long-term technical charts. The climb was helped by lackluster US jobs numbers and bullish reactions to the UK election results. The outlook remains cloudy for both the UK and US economies. The coming week will be interesting with US inflation data and resistance levels to watch. Day traders should be cautious due to volatile conditions....
#newstr #Gbp/usd #RateCutHopes #UsEconomicData #UkGeneralElection #UsJoblessClaims #IsmServicesSurvey #UsInterestRates #ForexTrading #ResistanceLevels
https://here.news/story/a73498e0?ver=0.63