GBPUSD - 9 Jan - Break , retest entry SELL , Downtrend

9 gen

GBPUSD trend forecast January 9, 2025

The Pound Sterling (GBP) lags behind its major counterparts on Thursday, impacted by a sharp rise in the United Kingdom's (UK) government borrowing costs. A significant sell-off in UK bonds has driven 30-year gilt yields to 5.36%, their highest point since 1998. Although higher gilt yields often enhance the appeal of the British currency, this correlation does not hold currently. Renewed inflationary pressures, coupled with concerns over potentially inflationary policies from United States (US) President-elect Donald Trump, have dampened the UK's economic prospects, weighing on the GBP.

News data and the value of the British pound declined, the main reason for the sharp decline of GBPUSD today, BREAK TREND H1 and continued to decline

/// SELL GBPUSD : zone 1.23200 - 1.23400

SL: 1.23800

TP: 40 - 80 - 200pips ( 1.21400)

Safe and profitable trading

10 gen

Trade attivo

+ 35 pips , signal sell GBPUSD ( 1.23200-1.23400 )

10 gen

Trade chiuso: obiettivo raggiunto

+ 50 pips , signal sell GBPUSD ( 1.23200-1.23400 ), win signal . plan done