GBPUSD after CPI

280
Yesterday we saw big swings during the news. In GBPUSD we saw a pullback off the support zone and a new high.

It’s crucial now to see if this movement has the strength to continue.

We’re looking at a new support zone that in the near hours we expect a reaction from.

Upon another rise the goal will be 1,2315.

The scenario fails on a breakout of 1,2087.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.