A Bearish bias on GU ahead of GBP CPI

15 Şub 2023

I spot a correction of the previous break of the bullish run on GBPUSD at 61.6% fib level, coupled with a Hidden divergence (Price making HL and RSI making an LH).

I would suggest a wait till the News got released before jumping in.

Or just watch out.

15 Şub 2023

Not

Here you go, GBPUSD made the smart choice and went in the forecasted direction.

I am still expecting further downward movement

15 Şub 2023

Not

Finally - GBPUSD hit the first 3% with the aid of GBP CPI y/y and USD Core retails y/y news.

17 Şub 2023

Not

GBPUSD is stil moving