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GBPUSD Key Levels to Watch Ahead of US Inflation Data
GBPUSD remains range-bound but is coming off a critical level I discussed last weekend. In today’s video, I discuss what GBPUSD needs to do to target range lows, and what could trigger another rally. I also share the latest on the US Dollar Index (DXY). Much of the Forex market remains idle, with FX volatility dropping to multi-month lows. That’s evident by GBPUSD, which has been range-bound since late November. While sideways markets can be frustrating for some, it’s important to understand current conditions so you can trade accordingly. As for GBPUSD, the pound is coming off descending channel resistance at ... (full story)