Looking at the US Dollar during the middle of the session, the CPI numbers coming in lower than anticipated in America has turned out to be yet another “nail in the coffin” of the USD. The British pound continues to look at the 1.30 level as a major barrier. If we can stay above there for 12 hours – The GBP is likely to trade up to the 1.3250 level.
With this, I am ready to get long…..just waiting to see if there will be follow through.
