GBPUSD - 17 Jan - retest break trendline H1

GBPUSD trend forecast January 17, 2025

The Pound Sterling (GBP) experiences a steep decline against its major counterparts on Friday following a report from the UK Office for National Statistics (ONS) revealing an unexpected contraction in Retail Sales for December. This data further highlights the fragile economic outlook. Retail Sales, a crucial indicator of consumer spending, fell by 0.3% month-on-month, contrasting with economists' forecasts of a stronger 0.4% increase, which was anticipated to exceed the 0.2% growth recorded in November.

GBPUSD price tends to accumulate, break trendline H1, retest and continue to decrease

/// SELL GBPUSD : zone 1.21950 - 1.22100

SL: 1.22400

TP: 40 - 70 - 150pips ( 1.20650 )

Safe and profitable trading