10 Juli 2019, GBP/USD
GBPUSD trading plan:
We're expecting negative macroeconomic statistics from the UK on industrial production. Manufacturing PMI fell below 50%. The negative trend has been observed for the last two months. This factor indicates a decline in industrial production. The decline in industrial production always signals a decline in GDP. The Bank of England can reduce interest rates within two to three months. This is a negative signal for the British currency! We're expecting testing of the minimum for the last two years (1.2426).
Trading recommendation: Sell 1.2476 and take profit 1.2426.