GBP/USD:Price Increase Value After Core CPI-Possible LONG SETUP

Jan 13, 2023

GBP/USD continue its strong rally and yesterday the price after the Core CPI , break the dynamic trendline of the channel and re-test this one with a new Bullish impulse. Today the GDP m/m , the change in the total value of all goods and services produced by the economy It's the broadest measure of economic activity and the primary gauge of the economy's health also called Gross Domestic Product (GDP) gives a result of 0.1% instead the negative value of the forecast -0.2%.
All the European pairs seem to want to grow more and this is a major bullish rally of the European pairs of the last year. The price may reach 1.2320 in this session and go over the next session to reach 1.2400
I let you notice, the is a Divergence in the RSI indicator, in case the price will have a retracement by the Prelim USD UoM Consumer Sentiment, our targets will be the ones shown on the chart.

Jan 13, 2023

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