1.2380 is an important level. Recently there was a false break above this level and supply zone was created. I expect to see a reaction when the price reaches that area again.
That should interest you
What does the data mean to the market?
The UK's most important inflation data, it’s the leading central bank's inflation target. Recently the BOE has sighted this data as particularly important, so I think we should see a reaction from it.
Hello traders. How are you all hope everyone is going well.
So here we have a crystal clear idea of a major pair GBP/USD(POUND/DOLLAR). As we can see that the price is consolidating in a major down trend since many months. And again now the price is at the same…