A Bearish bias on GU ahead of GBP CPI

15 feb 2023

I spot a correction of the previous break of the bullish run on GBPUSD at 61.6% fib level, coupled with a Hidden divergence (Price making HL and RSI making an LH).

I would suggest a wait till the News got released before jumping in.

Or just watch out.

15 feb 2023

Nota

Here you go, GBPUSD made the smart choice and went in the forecasted direction.

I am still expecting further downward movement

15 feb 2023

Nota

Finally - GBPUSD hit the first 3% with the aid of GBP CPI y/y and USD Core retails y/y news.

17 feb 2023

Nota

GBPUSD is stil moving