The strong 'sell-off" today of Cable describe a fact that recent disappointed data of UK gradually make traders lose patience.
Once, GBPUSD rejected the strong resistance 1..5700 level.
Today, UK CPI is the main focus. If this data is negative, traders have no reason to hold Cable anymore.
GBPUSD had had 4 month trading above Kumo cloud; the cloud currently is flat; this is a good chance to break the cloud.
I still support Dollar strong.
Once, GBPUSD rejected the strong resistance 1..5700 level.
Today, UK CPI is the main focus. If this data is negative, traders have no reason to hold Cable anymore.
GBPUSD had had 4 month trading above Kumo cloud; the cloud currently is flat; this is a good chance to break the cloud.
I still support Dollar strong.
