GBPUSD - 17 Jan - retest break trendline H1
GBPUSD trend forecast January 17, 2025
The Pound Sterling (GBP) experiences a steep decline against its major counterparts on Friday following a report from the UK Office for National Statistics (ONS) revealing an unexpected contraction in Retail Sales for December. This data further highlights the fragile economic outlook. Retail Sales, a crucial indicator of consumer spending, fell by 0.3% month-on-month, contrasting with economists' forecasts of a stronger 0.4% increase, which was anticipated to exceed the 0.2% growth recorded in November.
GBPUSD price tends to accumulate, break trendline H1, retest and continue to decrease
/// SELL GBPUSD : zone 1.21950 - 1.22100
SL: 1.22400
TP: 40 - 70 - 150pips ( 1.20650 )
Safe and profitable trading
The Pound Sterling (GBP) experiences a steep decline against its major counterparts on Friday following a report from the UK Office for National Statistics (ONS) revealing an unexpected contraction in Retail Sales for December. This data further highlights the fragile economic outlook. Retail Sales, a crucial indicator of consumer spending, fell by 0.3% month-on-month, contrasting with economists' forecasts of a stronger 0.4% increase, which was anticipated to exceed the 0.2% growth recorded in November.
GBPUSD price tends to accumulate, break trendline H1, retest and continue to decrease
/// SELL GBPUSD : zone 1.21950 - 1.22100
SL: 1.22400
TP: 40 - 70 - 150pips ( 1.20650 )
Safe and profitable trading
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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.