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GBPUSD - Good CPI GBP - support zone, wait entry BUY
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GBP / USD trend forecast December 18, 2024
The Pound Sterling (GBP) experienced volatility against its major counterparts on Wednesday following the release of the UK Consumer Price Index (CPI) data for November. The report revealed that inflationary pressures aligned with forecasts, with annual headline inflation increasing to 2.6% year-on-year (YoY), up from October's 2.3%.
On a monthly basis, headline inflation recorded a 0.1% rise, matching expectations but slowing from the 0.6% growth observed in October.
CPI is good for GBP, GBPUSD currency pair sweeps liquidity, waiting for entry to support zone 1.26700
/// BUY GBPUSD : zone 1.26700 - 1.26500
SL: 1.26100
TP: 50 - 120 - 200pips (1.28500)
Safe and profitable trading
The Pound Sterling (GBP) experienced volatility against its major counterparts on Wednesday following the release of the UK Consumer Price Index (CPI) data for November. The report revealed that inflationary pressures aligned with forecasts, with annual headline inflation increasing to 2.6% year-on-year (YoY), up from October's 2.3%.
On a monthly basis, headline inflation recorded a 0.1% rise, matching expectations but slowing from the 0.6% growth observed in October.
CPI is good for GBP, GBPUSD currency pair sweeps liquidity, waiting for entry to support zone 1.26700
/// BUY GBPUSD : zone 1.26700 - 1.26500
SL: 1.26100
TP: 50 - 120 - 200pips (1.28500)
Safe and profitable trading
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GBPUSD not much changed - a little profit from the uptrend
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