EURUSD and GBPUSD Moves After the CPI News Last Week.

The pair GBPUSD found a Support at 1.24457 and is moving toward the next Resistance level at 1.26689, from the 4 Hour time frame we can see that the price 1.25388 is a minor Resistance as it act as a consolidation zone with the current bullish pressure on the pair If this price level broken up we will see the fast move to 1.26689.

We also look at the bearish pressure on EURUSD finding Support at 1.08433 pushing the price higher to the next Resistance of 1.10655 price region.