#GBPUSD - 18 Jan
I gave 1.2680 as a strong level if price goes up first but instead GBPUSD made a fake break of the strong level below before rallying on hot UK CPI number. It hit 1.2680 and came down for a good 40 pips but i closed near the highs.
Overall price action turned bullish though trend is still down. Looking for a possible pullback, with 1.2658 and 1.2625 as two levels to watch for the move higher to target 1.2735 and 1.2757.
Overall price action turned bullish though trend is still down. Looking for a possible pullback, with 1.2658 and 1.2625 as two levels to watch for the move higher to target 1.2735 and 1.2757.
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