FxWirePro
Short

GBP/USD trades weak on softer CPI, good to sell on rallies

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
345 1 7
Major Resistance – 1.4550

Major support- 1.4445 (55 day 4H EMA )

Cable has retreated from high of 1.45239 after softer CPI             data. It is currently trading around 1.4470 level.

UK CPI             came at 0.3% y/y compared to forecast of 0.5% Y/Y.

Short term trend is bearish as long as resistance 1.4550 holds.

Any indicative break above 1.4550 will take the pair to next level till 1.4600/1.4660.The minor resistance is at 1.4530

On the lower side any break below 1.4450 will drag the pair till 1.4400/1.43250 level.

It is good sell on rallies around 1.4465-1.4470 with SL around 1.4530 for the TP of 1.4360/1.4325
oooops
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out