fxstraderomi
Long

GBP/JPY could spike to 188.70

FX:GBPJPY   British Pound/Japanese Yen
88 0 2
GBP/JPY could target 188.70 levels; its the rising channel resistance - seen on the 4-hour chart.

Rationale

US CPI/Core CPI             could print weaker than estimates and send GBP higher. It may very well be a non-event for other currencies, but Sterling could extend gains on the back of an uptick in UK core inflation .

Even if the data in strong, Sterling still could remain relatively resilient
Trade closed: target reached

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