18 April 2022, GBP/USD
GBPUSD trading plan:
U.S. industrial production increased 0.9% last month, keeping pace with February's upwardly revised pace, the Federal Reserve said. Manufacturing, which accounts for 11.9% of the American economy, has benefited from a shift in spending to goods from services during the COVID-19 pandemic. But manufacturers have struggled to cope with the strong demand while labor markets have become extraordinarily tight. Overall industrial sector capacity utilization, a measure of how fully companies is using their resources, rose to 78.3% last month, the highest in more than three years, from 77.7% the month before.
Investment idea: sell 1.3063 and take profit 1.3015.
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