09 Marzo 2022, GBP/USD
GBPUSD trading plan:
The U.S. trade deficit surged 9.4% to an all-time high of $89.7 billion in January. Data for December were revised to show a $82.0 billion shortfall instead of the previously reported $80.7 billion. Imports increased 1.2% to $314.1 billion, also the highest on record. Goods imports surged 1.8% to an all-time high of $264.8 billion. There were record-high imports of food, capital and consumer goods. Crude oil imports increased by $935 million. In January, exports fell 1.7% to $224.4 billion. Goods exports decreased 1.5% to $155.9 billion. There was a decline in exports of consumer goods, including pharmaceutical preparations. But capital goods exports increased and exports of industrial supplies and materials were the highest on record.
Investment idea: buy 1.3077 and take profit 1.3125.
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