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
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
Related Ideas
Long GBP/USD
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