Previously, the last post mentioned that GBPUSD is going bullish. Direction was correct as speculated as it was heading up to reach for the Weekly’s resistance.
CPI pushed the price up and FOMC news pushed the price down as Feds are not cutting the rates in June. Price continues to downtrend during PPI news.
At the moment, when price breaks below the Daily support, possible to find sell entries.
Possibilities for GBPUSD to go downtrend.
Price can reach,1.25900 if price breaks Daily support.
CPI pushed the price up and FOMC news pushed the price down as Feds are not cutting the rates in June. Price continues to downtrend during PPI news.
At the moment, when price breaks below the Daily support, possible to find sell entries.
Possibilities for GBPUSD to go downtrend.
Price can reach,1.25900 if price breaks Daily support.
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