GBP/USD Price Rebounds as UK Inflation Remains Hot
The bearish pressure remains high as long as it stays below the median line. A new higher high activates a larger rebound. The price action signaled an oversold. The GBP/USD price rallied today and hit as high as 1.2481 after the UK CPI came in better than expected. Now, the pair has retreated a little... The post GBP/USD Price Rebounds as UK Inflation Remains Hot appeared first on Forex Crunch.
The bearish pressure remains high as long as it stays below the median line. A new higher high activates a larger rebound. The price action signaled an oversold. The GBP/USD price rallied today and hit as high as 1.2481 after the UK CPI came in better than expected. Now, the pair has retreated a little...
The post GBP/USD Price Rebounds as UK Inflation Remains Hot appeared first on Forex Crunch.
