GBPUSD - Good CPI GBP - support zone, wait entry BUY

١٨ ديسمبر ٢٠٢٤

GBP / USD trend forecast December 18, 2024

The Pound Sterling (GBP) experienced volatility against its major counterparts on Wednesday following the release of the UK Consumer Price Index (CPI) data for November. The report revealed that inflationary pressures aligned with forecasts, with annual headline inflation increasing to 2.6% year-on-year (YoY), up from October's 2.3%.

On a monthly basis, headline inflation recorded a 0.1% rise, matching expectations but slowing from the 0.6% growth observed in October.

CPI is good for GBP, GBPUSD currency pair sweeps liquidity, waiting for entry to support zone 1.26700

/// BUY GBPUSD : zone 1.26700 - 1.26500

SL: 1.26100

TP: 50 - 120 - 200pips (1.28500)


Safe and profitable trading

١٨ ديسمبر ٢٠٢٤

تم فتح الصفقة

GBPUSD not much changed - a little profit from the uptrend