EUR/GBP. UK inflation to move gbp lower ?
- our scenario: Buys above 0.8370
- targets: for buys: 0.8394, 0.8415
- comments: on the weekly t.f , RSI is showing H.L while the price is creating L.L (bullish divergence) and still respecting the downtrend support held since 18 oct 2021. Zooming into the daily t.f, RSI is creating a DoubleBottom with a possible retest and bullish crossover. we need 4hrs close above the resistance. and all is up to the inflation news in the UK, but the GBP index is showing bearish momentum.
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