https://content.tmgm-dev.com/uploads/articles/6qGSi40YC5OwJWWPMIVymQzdTupQAZjBs7FpjxGG.png
05 Feb, 2025
5 minutes

Daily Technical Analysis:GBP/USD、Crude Oil

Welcome to our daily technical analysis of the financial markets, focusing today on GBP/USD and Crude Oil. Let's dissect the latest news, market trends, and crucial price levels to watch out for.

1. GBP/USD Analysis:
News Summary:
With UK economic data mixed, the Bank of England's upcoming decision creates a complex backdrop for the pound. Although the market has fully priced in the expectation of a 25 basis point interest rate cut, the focus will be on the tone and forecast of the BOE. Furthermore, any damage to sterling should be limited, as tariffs are unlikely to damage the UK economy. British exports to the United States account for less than 2% of GDP, and Trump appears to be in no rush to hit Britain with tariffs.

Trend Analysis:
We can see GBP/USD H4 level continues to rebound and runs above the 48 hours moving average. In addition, the MACD double line and energy bar expand above the zero axis. The buy limit could be used, stop loss is mandatory.

Today's Key Price Levels:
Key Support Levels: [1.2350]
Key Resistance Levels: [1.2580]
Pivot Points [1.2410]

 

2. Crude Oil Analysis:

News Summary:
China announced a 10% tariff on U.S. crude oil in response to new U.S. tariffs on Chinese goods. Crude oil prices fell after China imposed retaliatory tariffs on U.S. oil imports, heightening concerns about trade friction. China’s measures may not stop at crude oil tariffs. A depreciation of the yuan or additional economic countermeasures could increase downward pressure on oil prices, especially as OPEC+ is still set to gradually increase supply starting in April.

Trend Analysis:
We can see crude oil rebounds and returns to near the 48 hours moving average on H4 chart. On the other hand, the MACD double line and energy bar shrink below the zero axis. The buy limit could be placed, stop loss is necessary.

Today's Key Price Levels:
Key Support Levels: [71.00]
Key Resistance Levels: [75.70]
Pivot Points [72.20]

Magsimula! Mag-sign up at i-access ang Global Markets nang wala pang 3 minuto

Bilis ng pagpapatupad na mabilis pa sa kidlat kasama ang suporta sa customer 24/7