Currently at the 1.3030, the GBP/USD has not shown clear direction towards either direction.
With CPI y/y at 7%, it is likely the BoE will take further policy action to control inflation from running further out of control
Take a neutral stance for now, look for a directional bias before trading
Next support at 1.30 and 1.2900
Next resistance at 1.3220
With CPI y/y at 7%, it is likely the BoE will take further policy action to control inflation from running further out of control
Take a neutral stance for now, look for a directional bias before trading
Next support at 1.30 and 1.2900
Next resistance at 1.3220
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