GBPUSD - trendline and resistance , entry SELL
GBPUSD trend forecast February 21, 2025
The United Kingdom's (UK) retail sector experienced a strong resurgence in January, with retail sales surging by 1.7% month-on-month (MoM), following a 0.6% decline in December, according to the latest data released by the Office for National Statistics (ONS) on Friday. Market analysts had anticipated a modest 0.3% increase, making this rebound significantly stronger than expected.
Excluding motor fuel sales, core retail sales posted an impressive 2.1% MoM rise, reversing the previous 0.9% decline and surpassing the forecasted 0.9% growth.
On an annual basis, UK retail sales advanced by 1% in January, compared to the 2.8% expansion recorded in December. Meanwhile, core retail sales saw a 1.2% year-on-year increase, outperforming the previous month's 2.1% rise. Both figures exceeded market projections, highlighting a resilient consumer spending trend.
Good uptrend from GBPUSD, along with waiting for PMI GBP not to have too many changes compared to the previous period, under selling pressure from the resistance zone 1.27200
/// SELL GBPUSD: zone 1.27150 - 1.27350
SL: 1.27650
TP: 40 - 80 - 150pips ( 1.25850 )
Safe and profitable trading
The United Kingdom's (UK) retail sector experienced a strong resurgence in January, with retail sales surging by 1.7% month-on-month (MoM), following a 0.6% decline in December, according to the latest data released by the Office for National Statistics (ONS) on Friday. Market analysts had anticipated a modest 0.3% increase, making this rebound significantly stronger than expected.
Excluding motor fuel sales, core retail sales posted an impressive 2.1% MoM rise, reversing the previous 0.9% decline and surpassing the forecasted 0.9% growth.
On an annual basis, UK retail sales advanced by 1% in January, compared to the 2.8% expansion recorded in December. Meanwhile, core retail sales saw a 1.2% year-on-year increase, outperforming the previous month's 2.1% rise. Both figures exceeded market projections, highlighting a resilient consumer spending trend.
Good uptrend from GBPUSD, along with waiting for PMI GBP not to have too many changes compared to the previous period, under selling pressure from the resistance zone 1.27200
/// SELL GBPUSD: zone 1.27150 - 1.27350
SL: 1.27650
TP: 40 - 80 - 150pips ( 1.25850 )
Safe and profitable trading
Trade active
GBPUSD is falling ahead of today's USD PMI data
MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Related publications
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.
MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Related publications
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.