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GBP/CHF CPI Data Will Provide Direction

By:
Nenad Kerkez
Published: Jul 17, 2019, 08:36 GMT+00:00

Dear Traders, The GBP/CHF is having a retracement, but the next move will be decided after the GBP CPI news. The CPI defines a change in the price of

GBP/CHF CPI Data Will Provide Direction

Dear Traders,

The GBP/CHF is having a retracement, but the next move will be decided after the GBP CPI news.

The CPI defines a change in the price of goods and services purchased by consumers as consumer prices account for a majority of overall inflation. This is the very important data for the GBP. Better than expected result targets 1.2300 zone and 1.2300-20 could be good for potential short trades. If we see a rejection to the downside after the retracement pay attention to 1.2277, 1.2226 and 1.2200. If the price breaks 1.2345, bearish scenario will be invalidated.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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