GBPUSD Insight

anteontem

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Key Points
- U.S. election concluded with Trump’s victory
- Anticipated dollar strength due to Trump’s policies on corporate tax cuts, regulatory easing, and tariff implementation
- Japan’s Chief Cabinet Secretary Yoshimasa Hayashi stated that they are closely monitoring foreign exchange movements, including speculative actions
- Christine Lagarde, ECB President, warned that heightened trade barriers, tariffs, or obstacles could negatively impact open economies like the Eurozone
- Bitcoin surged by 9.8%
- Dollar Index surpassed 105 points

Key Economic Schedule
- November 7: Bank of England rate decision
- November 8: FOMC meeting results announcement

GBP/USD Chart Analysis
With Trump’s victory, the dollar has strengthened. A short-term continuation of this dollar strength is expected, especially with the BOE and Fed rate decisions remaining in the final two days of the week, which could act as variables. Currently, the GBP/USD chart suggests a likely decline toward the 1.26000 level, followed by a potential rebound to 1.34000.

However, if unforeseen factors cause the 1.26000 level to break, it would signal a trend shift, prompting the need for a quick revision of our strategy.