U.K Consumer Inflation Below Forecast 0.3%, GBPUSD Tests 1.4220 levels !

The U.K consumer price inflation rose 0.2%, from -0.8% in the previous┬ámonth, missing forecast of 0.4% in the last month…

(Year-Over-Year) consumer price inflation stood at 0.3% as the previous month, missing forecast of 0.4% in the last month…

This scenario put the GBPUSD under pressure and pushed the pair down towards daily chart support at 1.4220 levels. Stability above this level could mean a return to the 1.4409 levels. a clear break below 1.4220 will open 1.4052 levels….

Further Reading

GBPUSD Daily Forecast Mar 22 2016

Outlook in GBPUSD has turned neutral at the moment, the pair remains in a pullback mode as long as trades below the 1.4409 levels,...