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The GBPUSD is sharply lower after lower CPI in the UK. Sellers take more control

After running higher and reaching the highest levels since April 2022 at the end of last week, the sellers in the GBPUSD started to lean against resistance near 1.3146 (off the daily char - see video). The price fell yesterday and in the process dipped back below the 100-hour moving average (blue line) and a swing area between 1.30419 and 1.30501. Today , the GBPUSD continued to move lower in the Asian session ahead of the UK CPI data. That data was lower than expectations and it sent the GBP... Read More

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Gbpusd

Sharply

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Sellers

Take

Control

Forex

Posted: Jul 19 2023, 13:02

Author Name: forexlive

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