GBP/USD !! The downtrend continues

⭐️Smart investment, Strong finance

⭐️GBP/USD INFORMATION:
During the Asian session on Thursday, the GBP/USD pair continues to decline for the seventh consecutive day. This downward movement is driven by several factors including a stronger US Dollar (USD), higher Treasury Yield, and positive US economic data. Currently trading around 1.2133, the pair has experienced a 0.02% loss for the day.

The Bank of England (BoE) unexpectedly halted its rate hike cycle while the Federal Reserve (Fed) made hawkish comments and suggested that more rate hikes could be possible in the future. The contrasting monetary policies between BoE and Fed are putting pressure on the British Pound (GBP) and acting as a hindrance for the GBP/USD pair's performance.

⭐️Personal comments NOVA:
Sales volume is still large, sterling economic data are not very positive, while dollar value is being boosted. The trend continues in frame D1

⭐️SET UP GBP/USD PRICE:

SELL zone( resistance ): 1.22050 - 1.22250
BUY zone( support ): 1.20100 - 1.20300

Prioritize SELL signals

⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.

⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest