GBPUSD hits 1.5490 following inflation data
The quid is still reeling from the inflation numbers as it falls to test 1.5500. As I type we've traded through to 1.5490 and old resistance turned support
GBPUSD daily
We should see further support around 1.5480 and we have the 200 dma further down at 1.5432 and that's joined by the 100 H4 ma. Then we get into those old trend lines
As Nihag in the comments said, EURGBP has based back above 0.7200 and is trying to push through the overnight highs. 0.7250 is the place the next decent resistance sits
