GBP/USD
Publication of statistics data will determine the direction of movement for 1.5-2 weeks. April's headline inflation is expected to be a major disappointment for the markets, but even the slightest positive could trigger short-term attempts to break higher. As long as the trading interest is closed below the 1.21 zone, the priority of sales is preserved.
Publication of statistics data will determine the direction of movement for 1.5-2 weeks. April's headline inflation is expected to be a major disappointment for the markets, but even the slightest positive could trigger short-term attempts to break higher. As long as the trading interest is closed below the 1.21 zone, the priority of sales is preserved.