GBPUSD: Soft US Inflation And Potential Upsides
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Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.29600 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.29600 support and resistance area.
We Would also like to consider the recent soft CPI data in the US, easing inflation indicates that fed is heading towards a rate cut which put the USD in a dovish environment and weaken the dollar.
Trade safe, Joe.
We Would also like to consider the recent soft CPI data in the US, easing inflation indicates that fed is heading towards a rate cut which put the USD in a dovish environment and weaken the dollar.
Trade safe, Joe.
Note
GBPUSD is attempting to break below 1.30!Transaction en cours
Note
UK consumer confidence hit the highest in nearly 3 years
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