GBP/USD is continuing to rising up
Fundamental analysis:
USD: decrease in the Consumer Price Index (CPI) of -0.1% compared to the previous month's reading of 0.1% for the US dollar would indicate that there has been a decrease in inflation. Inflation rate can be calculated as the percentage change in the CPI from the previous month. In this case, it would be -0.2%. This means that the inflation rate decreased by 0.2% in the current month compared to the previous month.
GBP: A one-tenth percent increase in the UK's domestic production rate indicates a decrease in inflation and economic growth, and by keeping or increasing the interest rate in the future, they can control this inflation properly.
Technical analysis: As you can see, the price with huge demand in this area can continue to rise in the future. The price may reach my target levels in the near future
Target:1.24
Target: 1.27(long term)
PLEASE LEAVE YOUR IDEA AS COMMENT BELOW
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DON'T FORGET TO FOLLOW AND LIKE IF YOU LIKE THIS ARTICLE
USD: decrease in the Consumer Price Index (CPI) of -0.1% compared to the previous month's reading of 0.1% for the US dollar would indicate that there has been a decrease in inflation. Inflation rate can be calculated as the percentage change in the CPI from the previous month. In this case, it would be -0.2%. This means that the inflation rate decreased by 0.2% in the current month compared to the previous month.
GBP: A one-tenth percent increase in the UK's domestic production rate indicates a decrease in inflation and economic growth, and by keeping or increasing the interest rate in the future, they can control this inflation properly.
Technical analysis: As you can see, the price with huge demand in this area can continue to rise in the future. The price may reach my target levels in the near future
Target:1.24
Target: 1.27(long term)
PLEASE LEAVE YOUR IDEA AS COMMENT BELOW
.
.
.
.
.
DON'T FORGET TO FOLLOW AND LIKE IF YOU LIKE THIS ARTICLE
Trade closed: target reached:
TP 1 reached