GBPUSD at Range Support - Upside from Here?

GBPUSD is trading in a range prior to the USD Consumer Price Index data, which shows the change in price across a representative basket of goods and services and is used to measure inflation. Technically the major forex pair is at range support and above the key 1.4100 level. We anticipate upside into the range resistance, and potentially beyond. Our upside target is 1.4220.

Trade fermée manuellement:

SL was moved to BE, stop loss hit. Trade closed at break even.