TGDManagement || GBPUSD Update
GBPUSD continues to be range bound as price rejected last Friday's High cleaning out gains currently trading at 1.26350.
https://www.tradingview.com/chart/GBPUSD/WgLjyiuS-TGDManagement-GBPUSD-Update/
(Previous Analysis)
The Dollar rose against other major currencies while the cable fell sharply after UK inflation plunged in November to its lowest rate in more than two years at 3.9% which fueled speculation of rate cuts by the Bank of England.
Expect price to remain range bound and reject current support level at 1.26350-1.26176 with targets at 1.2766.
Alternatively, breach of the support level would make Wednesday 11/13 support the next target level.
https://www.tradingview.com/chart/GBPUSD/WgLjyiuS-TGDManagement-GBPUSD-Update/
(Previous Analysis)
The Dollar rose against other major currencies while the cable fell sharply after UK inflation plunged in November to its lowest rate in more than two years at 3.9% which fueled speculation of rate cuts by the Bank of England.
Expect price to remain range bound and reject current support level at 1.26350-1.26176 with targets at 1.2766.
Alternatively, breach of the support level would make Wednesday 11/13 support the next target level.
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