GBP / USD trend forecast December 18, 2024
The Pound Sterling (GBP) experienced volatility against its major counterparts on Wednesday following the release of the UK Consumer Price Index (CPI) data for November. The report revealed that inflationary pressures aligned with forecasts, with annual headline inflation increasing to 2.6% year-on-year (YoY), up from October's 2.3%.
On a monthly basis, headline inflation recorded a 0.1% rise, matching expectations but slowing from the 0.6% growth observed in October.
CPI is good for GBP, GBPUSD currency pair sweeps liquidity, waiting for entry to support zone 1.26700
/// BUY GBPUSD : zone 1.26700 - 1.26500
SL: 1.26100
TP: 50 - 120 - 200pips (1.28500)
Safe and profitable trading
The Pound Sterling (GBP) experienced volatility against its major counterparts on Wednesday following the release of the UK Consumer Price Index (CPI) data for November. The report revealed that inflationary pressures aligned with forecasts, with annual headline inflation increasing to 2.6% year-on-year (YoY), up from October's 2.3%.
On a monthly basis, headline inflation recorded a 0.1% rise, matching expectations but slowing from the 0.6% growth observed in October.
CPI is good for GBP, GBPUSD currency pair sweeps liquidity, waiting for entry to support zone 1.26700
/// BUY GBPUSD : zone 1.26700 - 1.26500
SL: 1.26100
TP: 50 - 120 - 200pips (1.28500)
Safe and profitable trading
Trade active
GBPUSD not much changed - a little profit from the uptrend
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Related publications
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.