Long Bullish towards 1.2230
Today data was good and if any good news deal then pound go Resistance 1.2230 and 1.2340
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
Support Levels:
S-1 = 1.2040
S-2= 1.210
Resistance Level:
R-1 =1.2160
R-2 =1.2230
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The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
Support Levels:
S-1 = 1.2040
S-2= 1.210
Resistance Level:
R-1 =1.2160
R-2 =1.2230
Please like, share/follow us and get daily/weekly/ monthly Analysis.
If you like the idea, please push like and subscribe, it motivates me to post ideas more often.
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