capitalpropertiesfx

GBPUSD ahead of the Inflation Report.

FX:GBPUSD   British Pound/U.S. Dollar
161 0 1
Definitely a tricky situatsion ahead of the Inflation Report. Bigger TF trend is clearly down but lower TF price action looks fairly bullish which may be a hint that the market is expecting a good, bullish result from today's event.
Also the fact that the price took out 1.58000 before heading higher looks more bullish than bearish to me.

Conservative approach here would be to stay away until the risk event is over and then re-analyse. Aggressive approach would be to place pending orders minutes before the event to make sure you don't get triggered before the release.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out