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Will GBPUSD recover following the UK CPI?

by Neville Hornsey
18 May 2022
in Forex
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The moves this morning following the highest UK CPI have unwound a lot of yesterday’s bullish momentum. I would have preferred it if the price action had dropped a bit lower, but will happily join in the long trade if it a) goes against the retail sentiment, or b) has enough momentum to take out some significant daily highs. 

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:12 GBP/USD

2:12 GBP/JPY

2:55 GBP/AUD

3:32 GBP/NZD

Tags: CPIGBPAUDGBPCADGBPJPYGBPNZDGBPUSDInflation
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