Fundamental analysis:
The UK is currently experiencing challenging economic conditions characterized by high inflation at 9.2% and unemployment rising to 3.7%. In addition, the rate of domestic production has decreased by -0.3%, which indicates a decrease in overall economic growth. However, this trend may be reversed through a combination of measures, including interest rate hikes, increased exports relative to imports, and other strategic fiscal decisions.
Technical analysis:
as you can see Price reached to strong support, I'm expecting next bearish movement will start after correction on this area..... Our first Targets are.......
Targets:1.20, 1.19, 1.8500
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The UK is currently experiencing challenging economic conditions characterized by high inflation at 9.2% and unemployment rising to 3.7%. In addition, the rate of domestic production has decreased by -0.3%, which indicates a decrease in overall economic growth. However, this trend may be reversed through a combination of measures, including interest rate hikes, increased exports relative to imports, and other strategic fiscal decisions.
Technical analysis:
as you can see Price reached to strong support, I'm expecting next bearish movement will start after correction on this area..... Our first Targets are.......
Targets:1.20, 1.19, 1.8500
"Don't forget to like"
.
.
.
.
.
.
"Thanks for giving your time to read my idea."
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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.