Short

A Bearish bias on GU ahead of GBP CPI

Updated

I spot a correction of the previous break of the bullish run on GBPUSD at 61.6% fib level, coupled with a Hidden divergence (Price making HL and RSI making an LH).

I would suggest a wait till the News got released before jumping in.

Or just watch out.

Note

Here you go, GBPUSD made the smart choice and went in the forecasted direction.

I am still expecting further downward movement

Note

Finally - GBPUSD hit the first 3% with the aid of GBP CPI y/y and USD Core retails y/y news.

Note

GBPUSD is stil moving

Adefxc

Also on:

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.