On GBPUSD, we have a bullish trade that could retrace to the 1.2730 area, where we have a demand zone within a larger one. In case of a retracement, it will be crucial to monitor the volumes at the entry before opening a long position. The target is then set at the 1.2830 area to fill the inefficiency left in the market after the UK CPI release two weeks ago. We would be delighted to hear your opinion and if you could leave a like to support our work. Greetings and have a great day of trading from Nicola, CEO of Forex48 Trading Academy.
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