30 July 2021, GBP/USD
GBPUSD trading plan:
U.S. real gross domestic product increased at an annual rate of 6.5 percent in the second quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. The growth fell short of traders’ expectations. A resurgence in COVID-19 infections, driven by the Delta variant of the coronavirus, however, poses a risk to the outlook. Higher inflation, if sustained, as well as ongoing supply chain disruptions could also slow the economy. This is a negative signal for the dollar!
Investment idea: buy 1.3940 and take profit 1.4000.
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