Hey Traders, GBPUSD was trading in a downtrend and successfully managed to break it out after NFP news. and now in a correction phase. in tomorrow's trading session i would be watching a potential retrace of the trend around 1.20300 supply and demand zone. keeping in consideration the CPI data of Tuesday if it comes above expectations the plan will be cancelled and we will be switching into shorts as high CPI numbers signals more massive rates hike and more of a hawkish monetary policy.
Trade safe, Joe.
Trade safe, Joe.
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Free Telegram Group:
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The 1% Traders Club:
t.me/+C08gijSq2PMyZTVk
t.me/+MDJZTdS-Mw0xZTA0
The 1% Traders Club:
t.me/+C08gijSq2PMyZTVk
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.