We can observe that the UK CPI y/y has dropped to 2.8% from 3.0%, signaling potential weakness in GBP. On the technical side, price is reacting from a key Order Block, failing to break further to the downside. While the overall trend remains bearish, this marks the third push downward—a classic signal for a possible reversal. If buyers step in, we could see a shift in momentum. Monitoring price action at this level is crucial for the next move.
Trade closed: target reached
Took partial and trade closed now. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.