GBPUSD is in an important short reversal zone but showed strength in the previous session. CPI announcement today could be the key to sterlings reversal. The past few sessions have not seen any sideways movement in price or slowing of the recent long trend. For long continuation technically price needs to hold above 1.3040 and then also show further strength through 1.3125-1.3211. A break below 1.3040 confirms the short reversal back into the monthly trend.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. This is not investment advice. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. This is not investment advice. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.