GBPUSD up - 15 Jan - CPI news ( good for GBP )
Updated
GBPUSD trend forecast January 15, 2025
The GBP/USD pair remains in a tight consolidation range around the 1.2200 level as traders await key U.S. inflation data and U.K. growth figures in the midweek sessions. While the U.S. Consumer Price Index (CPI) is anticipated to show a rise, a softer-than-expected U.S. Producer Price Index (PPI) report has revived investor optimism that inflation might cool enough to prompt renewed discussion of rate cuts by the Federal Reserve (Fed).
Headline PPI inflation increased to 3.3% year-over-year from 3.0%, and core PPI edged up to 3.5% year-over-year from 3.4%. Despite falling short of expectations, these figures did little to boost investor sentiment. Inflation pressures persist above the Fed’s annualized targets, and although PPI readings were below forecasts, the difference is insufficient to significantly alter market expectations regarding potential rate cuts.
GBPUSD after falling due to the strong impact of the rising dollar, today is expected to recover briefly thanks to GBP CPI data, at the same time the price touches the H2 trendline to increase
/// BUY GBPUSD : zone 1.21700 - 1.21500
SL: 1.21200
TP: 40 - 70 - 200pips ( 1.23500 )
Safe and profitable trading
The GBP/USD pair remains in a tight consolidation range around the 1.2200 level as traders await key U.S. inflation data and U.K. growth figures in the midweek sessions. While the U.S. Consumer Price Index (CPI) is anticipated to show a rise, a softer-than-expected U.S. Producer Price Index (PPI) report has revived investor optimism that inflation might cool enough to prompt renewed discussion of rate cuts by the Federal Reserve (Fed).
Headline PPI inflation increased to 3.3% year-over-year from 3.0%, and core PPI edged up to 3.5% year-over-year from 3.4%. Despite falling short of expectations, these figures did little to boost investor sentiment. Inflation pressures persist above the Fed’s annualized targets, and although PPI readings were below forecasts, the difference is insufficient to significantly alter market expectations regarding potential rate cuts.
GBPUSD after falling due to the strong impact of the rising dollar, today is expected to recover briefly thanks to GBP CPI data, at the same time the price touches the H2 trendline to increase
/// BUY GBPUSD : zone 1.21700 - 1.21500
SL: 1.21200
TP: 40 - 70 - 200pips ( 1.23500 )
Safe and profitable trading
Trade active
great signal BUY GBPUSD ( 1.21700 - 1.21500 ), profit 20 pips nice entry Note
+ 75 pips , amazing signal BUY GBPUSD Trade closed: target reached
+ 80 pips , great profit . Signal BUY GBPUSD ( 1.21700 - 1.21500 ) Note
+ 130 pips , set up BUY GBPUSD WIN 
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