GBPUSD → Support breakdown. CPI in the UK is declining...

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GBPUSD confirms the bearish market structure. The price is breaking the support. Fundamental data is favorable for further continuation of the fall.



UK Inflation:

• m/m = 0% (expectation +0.1% / previously +0.3%)
  
• YoY = +1.7% (expected +1.9% / previously +2.2%)
  
• Core CPI = +3.2% y/y (expected +3.4% / previously +3.6%)
  

The USD index are rising on strong US economic data (last week's potential). All these data together have a corresponding impact on the currency pair, which breaks the support of the uptrend. A price consolidation below 1.3000 (strong psychological level) will open the way to 1.28-1.26.

Support levels: 1.3000, 1.2938
Resistance levels: 1.309

Selling on the currency pair is intensifying, the price is entering the risk zone and the buyers are getting even more nervous... In the short term, a retest of the previously broken trend support is possible, followed by a fall towards 1.28-1.26

Rate, share your opinion and questions, let's discuss what's going on with ★ GBPUSD ;)

Regards R. Linda!

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تم فتح الصفقة

In the activation zone...