UK consumer price index report awaits tomorrow. The CPI has been a key measure of inflation in UK.
This report is expected to increase and the consumers should pay more amount of Sterling to purchase the same amount of goods. Although retracement is possible but it seems quiet slow this time as majority of Analysis show the down trend and suggests SHORT.
Targeting 1.5000 for this SHORT might give you a best trade return keeping a Stop Loss @1.5295
If u need a fair return, you can have your TP @1.5095 OR 1.5135 for a short sell.
This report is expected to increase and the consumers should pay more amount of Sterling to purchase the same amount of goods. Although retracement is possible but it seems quiet slow this time as majority of Analysis show the down trend and suggests SHORT.
Targeting 1.5000 for this SHORT might give you a best trade return keeping a Stop Loss @1.5295
If u need a fair return, you can have your TP @1.5095 OR 1.5135 for a short sell.