❤️Forex Besties❤️
INFORMATION
The UK economy has experienced a notable downshift since the start of 2023 which culminated in a technical recession for the second half of the year.
Worse-than-expected GDP data for the fourth quarter revealed a 0.3% contraction (QoQ) to mark two successive quarters of negative GDP – the definition of a technical recession.
🔥BUY GBPJPY 188.400 - 188.600 SL @187.494
✅TP 1 @ 188.900
✅TP 2 @ 189.300
✅TP 3 @ 189.692
❤️FOREX BESTIES WEB - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
*Economic deterioration confirmed in Q4
*Much anticipated tax cuts could be announced next month while the BoE is still concerned over wage growth and services inflation
*Sterling eases further while FTSE 100 opens higher
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
INFORMATION
The UK economy has experienced a notable downshift since the start of 2023 which culminated in a technical recession for the second half of the year.
Worse-than-expected GDP data for the fourth quarter revealed a 0.3% contraction (QoQ) to mark two successive quarters of negative GDP – the definition of a technical recession.
🔥BUY GBPJPY 188.400 - 188.600 SL @187.494
✅TP 1 @ 188.900
✅TP 2 @ 189.300
✅TP 3 @ 189.692
❤️FOREX BESTIES WEB - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
*Economic deterioration confirmed in Q4
*Much anticipated tax cuts could be announced next month while the BoE is still concerned over wage growth and services inflation
*Sterling eases further while FTSE 100 opens higher
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
Note
Take Profit 1 Reached 188.900Note
Market Reached 189.150Note
Take Profit 2 Reached 189.300Note
Target Profit 92% ReachedNote
Take Profit 100% Reached✅TP 2 @ 189.300
✅TP 3 @ 189.692
Have a nice day
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.