Hey Traders, In today's trading session, we are monitoring GBP/USD for a buying opportunity around the 1.24250 zone. GBP/USD is approaching a retracement area of the 1.24250 zone. Fundamentally, the latest Consumer Price Index (CPI) data was soft and signals the possibility of upcoming dovish Federal Open Market Committee (FOMC) actions, which may trigger some USD weakness in the next couple of weeks.
Trade safe, Joe.
Trade safe, Joe.
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Free Telegram Group:
t.me/+MDJZTdS-Mw0xZTA0
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.