GBPUSD before Non-Farm Payrolls
Thanks to Bloomberg

GBPUSD before Non-Farm Payrolls

Trevor Charsley Trevor Charsley

Trevor Charsley

Chief Technical Strategist at Corpay

发布日期: 2025年3月6日
+ 关注

This is an alternative count to Mondays update, which I have decided to publish as GBPUSD has moved so quickly higher from the 1.2100 January low. In technical terms, we have to consider that price could have completed Red Wave X.

If this is the case, support at 1.2510 can remain intact & price may trade above 1.2940. The next target higher is 1.3323. Trading above 1.3323 encourages price to target 1.3434 & then 1.4000.

What has changed on a fundamental basis? US economic data has started to soften & there has been immense confusion regarding US tariffs. The FT writes today that their belief is stability, predictability & impartiality of policy is economically important, because it allows companies to plan & invest confidently. 'We don't see the bull market returning until we know what the rules are'. If US assets are not appealing to investors they will not be buying US$'s to purchase them. They may even decide to sell their assets.

Could this be the start of another wave of US$ weakness?

要查看或添加评论，请登录

Trevor Charsley的更多文章

  • GBPUSD Before US CPI
    2025年3月11日

    GBPUSD Before US CPI

    All change! The US$ is on the backfoot as the US economy starts to slow, investors withdraw as US stocks fall 8% from…

  • GBPUSD Before MPC Wednesday & NFP Friday
    2025年3月4日

    GBPUSD Before MPC Wednesday & NFP Friday

    The fundamental picture can be described as opaque at the moment. For the US$ US tariffs have been levied on Mexico…

  • GBPUSD Before US GDP & PCE
    2025年2月25日

    GBPUSD Before US GDP & PCE

    The fundamental picture is changing. Last Fridays US Composite Flash PMI reading fell to a 17-month low at 50.

  • GBPUSD before UK CPI
    2025年2月18日

    GBPUSD before UK CPI

    The above analysis shows GBPUSD is in a corrective phase. Price is overlapping & not very fast moving, so far.

  • ￡$ Before US CPI & UK GDP
    2025年2月11日

    ￡$ Before US CPI & UK GDP

    Last week we saw price pushed around, first by tariff news & then by a dovish rate cut from the Bank of England. It may…

  • GBPUSD Before the Bank of England & US Non-Farm Payrolls
    2025年2月3日

    GBPUSD Before the Bank of England & US Non-Farm Payrolls

    Welcome to the tariff rollercoaster! GBPUSD gapped lower at market open on Sunday evening. We are just hearing (Monday…

  • GBPUSD before the Federal Reserve, ECB & US Personal Consumption Expenditure.
    2025年1月28日

    GBPUSD before the Federal Reserve, ECB & US Personal Consumption Expenditure.

    Last week UK PMI data was slightly better than expected. This release, alongside President Trump loudly considering…

  • GBPUSD Before UK PMI Readings
    2025年1月21日

    GBPUSD Before UK PMI Readings

    After UK CPI was softer than expected last Wednesday investors rowed back a little on the stagflation narrative. GBPUSD…

  • All Change for GBPUSD Before UK & US CPI
    2025年1月14日

    All Change for GBPUSD Before UK & US CPI

    There is still a bullish sequence in GBPUSD. This is a sequence of higher highs & higher lows.

    1 条评论
  • GBPUSD Update Before Non-Farm Payrolls
    2025年1月9日

    GBPUSD Update Before Non-Farm Payrolls

    As price has traded below the April 2024 low at 1.2300 & continued lower I thought it would be timely to update the…