15/01/2025
Trading Signal: GBP/USD
ANALYSIS: GBP/USD continues to face bearish pressure due to ongoing concerns about the UK economy, including weaker-than-expected industrial output and consumer confidence data. The U.S. dollar remains firm, supported by robust retail sales figures and expectations of further Federal Reserve tightening. Technically, the pair trades below its 50-day and 200-day moving averages, with neutral oscillator readings suggesting limited immediate momentum. Key support at 1.2173 may attract some buying interest, but the overall trend remains downward.
Entry Direction: Sell near 1.2240
Take Profit: 1.2170, 1.2135
Stop Loss: 1.2280
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