The US July CPI figure is expected to ease to 8.7% on an annual basis from 9.1% previously, but a New York Fed survey showed consumers inflation expectations fell sharply in July, perhaps offering further downside potential to this figure.

As long as the GBPUSD pair stays below 1.2159, on a four-hourly basis, we will see a 1.2010 main support level. Otherwise, if the price goes beyond 1.2159. the next level will be at 1.2306.

Support: 1.2010
Resistance: 1.2159 - 1.2306 - 1.2380

10 Aug 22 (Wed)

02:50 am