I am expecting that the CPI Y/Y is greater than the forecast of 2.0%.
If CPI is greater, the pound has more strength and value should be higher.
I would like to see the pound took on the internal draw on liquidity from 2 sell sides (i.e 2 lows) before pushes higher and target yesterday high.
The sells sides coincide in the mid range of 0.5 - 0.25 from yesterday dealing range.
At the extreme, a buy at the 0.5 aka EQ range could be executed.
If CPI is greater, the pound has more strength and value should be higher.
I would like to see the pound took on the internal draw on liquidity from 2 sell sides (i.e 2 lows) before pushes higher and target yesterday high.
The sells sides coincide in the mid range of 0.5 - 0.25 from yesterday dealing range.
At the extreme, a buy at the 0.5 aka EQ range could be executed.
Note
Results of CPI is as per forecasted. Still pound shows strength within this hour
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.