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(Weekly backtest and review)GBPUSD
Key Focus: US’s OCT CPI(YOY) was dropped to 3.2%, almost reaching fresh low at 3.0% even interest rate stay constant at 5.5% since July 2023. Indicating FED officials may keep rate unchanged until there is evidence to prove that current interest rate unable to stop inflation rate from hiking.
Which believe USD’s trend would continue bearish until next inflation rate/CPI data release show inflation rising instead of dropping?
(GBPUSD) outlook: Bullish. GU H4 key resistance at 1.25592 broken last week.
Support: 1.25592
Next resistance:
-1.25910
-1.28487
-1.31424
Which believe USD’s trend would continue bearish until next inflation rate/CPI data release show inflation rising instead of dropping?
(GBPUSD) outlook: Bullish. GU H4 key resistance at 1.25592 broken last week.
Support: 1.25592
Next resistance:
-1.25910
-1.28487
-1.31424
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