21062023 - #GBPUSD

2023년 6월 21일

GBP is weaker than EUR and yesterday we see that price was hovering just at PZ and not able to go higher before the move down and eventually a recovery. EURGBP IMO is looking good for further upside.

But anyway for GBPUSD, price action does point to further downside; with price capped by PZ now, looking for another revisit of yesterday's low at 1.2720 and even 1.2646. We have UK CPI data later so be careful. If my view on EURGBP is correct, then yes, the news could be a trigger for the move down (GBP to weaken).