GBPUSD May Rise More After a Solid Breakout

GBPUSD May Rise More After a Solid Breakout

GBPUSD is developing in a critical zone so far.

As I explained earlier the price has to rise above 1.2680 to rise further.
The USD seems weaker today.
The focus of the market will be only on the second part of the day during the CPI data.

It is difficult to interpret the data as long as the market is not moving according to the fundamentals.
That is why we have to wait for this solid bullish breakout first.

You may find more details in the chart!
Thank you and Good Luck!

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