Entry: 1.3091
Stop Loss: 1.3170 (80 pips above entry)
Take Profit: 1.2970 (120 pips below entry, offering a 1.5:1 reward-to-risk ratio)
Reasoning:
GBP/USD faces increasing downward pressure as the U.K. economy remains fragile, while the U.S. dollar benefits from its relative strength. This trade offers a favorable risk-to-reward ratio in light of these macroeconomic factors.
Stop Loss: 1.3170 (80 pips above entry)
Take Profit: 1.2970 (120 pips below entry, offering a 1.5:1 reward-to-risk ratio)
Reasoning:
GBP/USD faces increasing downward pressure as the U.K. economy remains fragile, while the U.S. dollar benefits from its relative strength. This trade offers a favorable risk-to-reward ratio in light of these macroeconomic factors.
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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.