GBPUSD 4H (CPI) Current: 3.2% & forecast: 3.6%

GBPUSD

Analyze

Current: 3.2%, average forecast: 3.6%, expected to increase.
Consumer Price Index Expectations for Financial Institutions (Inflation):
(Lowest: 3.5% Highest: 3.7%

If a price can stable above 1.2474 the direction will be uptrend again to reach 1.2584, 1.2657, 1.2743

For any reason if the price backs off and stable under 1.2502, the price will try to reach 1.2474 If can break it then will reach 1.2413 and 1.2336

Support line: 1.2413, 1.2336, 1.2270
resistance line: 1.2584, 1.2657, 1.2743
Chart PatternsGBPUSDgbpusdlonggbpusdshortHarmonic PatternsTrend Analysis

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