GBP/USD: CPI Announced at 3.2%
Updated
Traders,
NOTE Don't forget about LTF confirmations,
The CPI data has been announced at 3.2%, marking a 0.1% surprise. This development adds a layer of significance to the current market dynamics.
In addition to the previously highlighted zones, such as the area around 1.246, it's essential to keep an eye on the EMA50. This moving average could serve as another valuable level to consider for shorting opportunities.
As always, remain vigilant and adaptable in your trading strategies, especially in response to unexpected data releases like this one.
Best regards,
NOTE Don't forget about LTF confirmations,
The CPI data has been announced at 3.2%, marking a 0.1% surprise. This development adds a layer of significance to the current market dynamics.
In addition to the previously highlighted zones, such as the area around 1.246, it's essential to keep an eye on the EMA50. This moving average could serve as another valuable level to consider for shorting opportunities.
As always, remain vigilant and adaptable in your trading strategies, especially in response to unexpected data releases like this one.
Best regards,
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