GBPUSD 4H (CPI, expecting plus)

British Pound/U.S. DollarFXCM

Description

⋅ Mar 14, 2023 10:18 AM

GBPUSD

today CPI will affect the market
so if released above 6.00% it means the US index will be bullish which means the direction of GBPUSD will be bearish to touch 1.2120 and 1.2071
but in the first will touch 1.2211 and then will drop

pivot price: 1.2120 & 1.2071
resistance price: 1.221 & 1.2290 & 1.2445
support price: 1.2080 & 1.1945 & 1.1854

generally under 1.2071 will be bearish to touch 1.2080 and 1.1945

and above 1.2211 will be bullish to touch 1.2290