Could we see another bounce?

FX:GBPUSD   British Pound / U.S. Dollar

Looking at the upcoming GBP CPI             data, anticipation is for a slightly weaker than previous, at 2.9%.
Although a lower CPI             should bring GBPUSD             lower, in this scenario, it would support the BoE’s view for a rate hike in the future, as CPI             remains within the 2-3% target range.
Therefore, I’ll look for a break upward of 1.3820 towards 1.4000
Comment: CPI data released at 3%, above expectation, same as previous

My trade setup ran as expected, currently seeing the GBPUSD in almost 70pips profit

while we could see it move higher, we'll have to be aware of likely volatility when the US market opens

reasonable idea could be to close for profits now
Trade closed manually
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out