The GBPUSD is back below the 100/200 day MAs

The GBPUSD initially moved higher after the softer-than-expected U.S. CPI report, climbing to 1.3442 and approaching a key swing area between 1.3446 and 1.3465. However, buyers could not sustain the momentum. The pair reversed sharply lower and has since fallen to a new post-CPI low, erasing the inflation-inspired rally. From a technical perspective, the re…

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