UPDATED GBPUSD ANALYSIS

12 Nis 2023

I felt I have to keep you updated. The direction for this symbol seems to have changed following the CPI data. This is also supported by the price structure on the daily chart, price need to complete a wave 5 to about 1.2655 region (See white lines). Further, price has broken the previous tops of December 2022 and January 2023. So for now bullish bias is more favoured.