GBPUSD CPI 19JUNE
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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