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For iNSIDER Club Traders: What levels will we be watching in GBP/USD ahead of tomorrow’s UK CPI release.

Post Views: 48 Economists are forecasting inflation in the country to ease as the core consumer price index (CPI) is expected to fall below 4% for the first time since late 2021, which should put pressure on the pound after that, or else raise the bullish BoE. Technical picture: The price returns to the range between the levels of 1.25 to 1.28. In the area around 1.275-1.28 a strong resistance zone is formed, as the upper limit of the range overlaps with the diagonal resistance.-Megaphone prints 7s and signals that the upward pulse has run out-Price action also shows an exhaustion of the upward momentum Trade: Sell 1.28. Stop Loss 1.29. Take Profit 1.25. Alternatively:On a break above the previous…

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 Junior Dealer Yulian Bonzov

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