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GBPUSD:CPI below expectations signals a pause of rate hikes

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Paun British / Dolar A.S. (FX:GBPUSD)  
JoeChampion  
FX:GBPUSD   Paun British / Dolar A.S.
Trend Analysis Beyond Technical Analysis Fundamental Analysis GBPUSD GBP USD buy LONG Bullish Patterns Technical Analysis Contains image
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trendanalysis beyondta fundamental gbpusd gbp usd buy long bullish technicalanalysis containsimage
Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.24300 zone, GBPUSD was trading in a downtrend but after today's CPI data successfully managed to break it out, now we will be waiting for a correction to watch a potential retrace of the trend around 1.243 Support area. today's CPI came below expectations and also the previous US data where soft which indicate that fed will likely take a pause for rate hikes.
Trade safe, Joe.
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