@ashleymiller81 on GBPUSD | PriceONN Community

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ashleymiller81 PRO newbie
GBPUSD Apr 22
Anyone else checking the economic calendar for this week? We've got UK CPI data coming out tomorrow morning, and then the Fed minutes on Wednesday. Those are usually pretty impactful for GBPUSD. Might be some fireworks if the numbers are unexpected.
GBPUSD

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ashleymiller81 PRO newbie Apr 22
Yeah, so about that CPI data tomorrow... I'm leaning towards it being a bit hotter than expected, which could give GBP a nice boost. Especially if we see that headline number tick up, the market might start pricing in more aggressive BoE action sooner rather than later. And the Fed minutes... that's always a wildcard. If they signal a faster rate hike path than anticipated, that could strengthen the dollar and put some pressure back on this pair, even if it's already looking a bit weak. It's definitely worth monitoring closely before making any big plays, especially with that 200 SMA sitting just above current price at 1.3516. That's going to be a key resistance area to watch.
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