This Week: GBPUSD bulls are trying to move closer to 200-period SMA
Stronger than expected wage data could push cable up to its 50-day simple moving average at ~1.2599, while softer numbers might see the major pull back towards 1.24.
Fundamental events today are forcing “cable” to now test a key Fibonacci support level, even while this FX pair had been ripe for a technical pullback.
This Week: GBPUSD consolidates ahead of US and UK CPI releases
Inflation is currently the most important data that will inform the Federal Reserve (Fed) and the Bank of England (BOE) about their respective interest rate adjustments.
Stronger than expected wage data could push cable up to its 50-day simple moving average at ~1.2599, while softer numbers might see the major pull bac...
Inflation is currently the most important data that will inform the Federal Reserve (Fed) and the Bank of England (BOE) about their respective interes...
Pound GBPUSD CPI
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