GBP/USD could fall!

Hey tradomaniacs,

GBP/USD is re-testing the recnt trendline of the correction aswell as a strong resistance-zone and could fall from here on.

Important will be teh CPI-Data from the USA as they either raise or reduce expectations for a very hawkish monetary policy by the fed.

Since there were rumors saying the inflation won`t be as hiogh as expected equities rallied a bit but left pound pretty unimpressed.

Recent fakeout to the topside looks like liquidity-fishing.


Let`s see what happens, but I`ll probably wait for the CPI =)


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Peace and good trades
Irasor

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