GBPUSD → Correction to the liquidity zone. Waiting for a FB

gets a negative CPI report in the early session and tests key support, but failing to reach the liquidity area a rebound is formed. The pair is in consolidation...

The CPI report provoked a small liquidation in the market, within the framework of which the price tested one of the key supports at 1.2886, but the price did not enter the liquidity area, i.e. technically the chances to return to this area are quite high.
A correction to the imbalance zone is being formed, from which the decline may continue. In the short term I am interested in 1.2868, which can still hold the market and form a bullish impulse.

Resistance levels: 1.2926
Support levels: 1.2886, 1.2868, 1.2811

False break of the global range support at 1.2868 may trigger a rebound to 1.2926. I do not exclude a deeper correction to the support from D1, for example to 1.2811 from which, against the background of the bull market, we can wait for an upward correction.

Regards R. Linda!

Trade active

False break of support triggers correction
+58 pips

RLinda

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