🚀【Is the Pound Set to Soar? GBP/USD Could Target 1.38, a Great Buying Opportunity is Here!】
Pound bulls reignite hope🔥! The target price aims directly at 1.38, only a 2%+ increase is needed to achieve it! The driving forces are strong: UK economic forecasts have been upgraded (2024 GDP forecast from 1.1% → 1.4%), surpassing the US!💪 The Bank of England's interest rate cut expectations are mild, and the interest rate differential continues to boost the Pound! Meanwhile, the Federal Reserve's rate cut expectations and fiscal concerns are weighing on the dollar, tilting the balance!
⚠️ Risks should not be underestimated: if the Federal Reserve unexpectedly turns hawkish or the Bank of England eases too aggressively, the trend could reverse! If the situation in the Middle East escalates further, it could also temporarily push up the safe-haven dollar!
🎯 Key to trading: 1.3500 is the line of life and death; holding steady could lead to a rebound, while a drop could see 1.3400; if it breaks 1.3600, strong bullish sentiment could trigger a continuous rise to 1.3650 or even 1.3814!
💥 Don’t want to miss this round of Pound action? Smart money has already positioned itself; the time to act is now!