Partner Center Find a Broker

We have the UK CPI(m/m) coming out at 4:30 am EST. This is the monthly measure of inflation experienced by consumers. The consensus number is around 0.6% versus the previous number of 0.2%. Any surprise in this news report should cause high volatility in this pair, and hopefully we can capitalize on that. Cable is in a short term downtrend, surpassing the 50 SMA and the bouncing off the 100 SMA. I’m looking for a continued move downwards as we may be in a dollar correction, but of course I have an idea for both ways just to be prepared:

Long GBP/USD at 1.8895, stop at 1.8840, PT1 at 1.8910, PT2 at 1.8935

Short GBP/USD at 1.8745, stop at 1.8785, PT1 at 1.8730, PT2 at 1.8711

Good luck and good trading!

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.