GBP/USD: Prioritize the SELL signal
Updated
Hi trader, Maria would like to share opinion: GBP/USD/b]
The British currency, Pound Sterling (GBP), experienced a decline from its recent peak of two weeks as the economic prospects of the United Kingdom weakened. This decline was triggered by a contraction in factory output for the second month in a row. As a result, the GBP/USD pair relinquished most of its recent gains. In contrast, data from the United States revealed persistent inflation, which dampened the risk appetite of market participants. The manufacturing and overall industrial production in the UK also suffered a decrease in August due to reduced spending on labor and inventory caused by a bleak demand outlook.
Signal today: 13/10/2023
🌸 SELL 1.22350 - 1.22450 SL 1.22950
TP1: 1.22000
TP2: 1.21400
Good luck everyone $$$, Thank you everyone for reading MARIA's article
The British currency, Pound Sterling (GBP), experienced a decline from its recent peak of two weeks as the economic prospects of the United Kingdom weakened. This decline was triggered by a contraction in factory output for the second month in a row. As a result, the GBP/USD pair relinquished most of its recent gains. In contrast, data from the United States revealed persistent inflation, which dampened the risk appetite of market participants. The manufacturing and overall industrial production in the UK also suffered a decrease in August due to reduced spending on labor and inventory caused by a bleak demand outlook.
Signal today: 13/10/2023
🌸 SELL 1.22350 - 1.22450 SL 1.22950
TP1: 1.22000
TP2: 1.21400
Good luck everyone $$$, Thank you everyone for reading MARIA's article
Note
The price dropped before hitting the entry, which was unluckyNote
A strong downward trend has occurred, exactly the trend
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