Now we see that the GBPUSD is in narrow range between (1.22) and (1.235). adding to that the formation of a small rising wedge, and a small volatility in the market.
UK inflation is likely to fall in the near future according to the BoE Governor Bailey from yesterday, but it will still high too after that small fall.
the next move could be bullish reaching the next level of (1.262) if we braked the above resistance area between (1.235 and 1.24).
in case it will fall back, it could reach the area of (1.218) Again for the third time this month as a support line.
UK inflation is likely to fall in the near future according to the BoE Governor Bailey from yesterday, but it will still high too after that small fall.
the next move could be bullish reaching the next level of (1.262) if we braked the above resistance area between (1.235 and 1.24).
in case it will fall back, it could reach the area of (1.218) Again for the third time this month as a support line.