Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
GBP/USD falls by more than 100 pips
Information is not investment advice
The reports that the UK Prime Minister Boris Johnson would table a motion for general election pulled the British pound down. At the moment, the cable is testing the ground below the 50-period SMA. Bears are focused on reaching the 1.2747 support level. Bulls will need to push the pair above the 1.2834, 1.2864 and 1.29 levels to test the resistance at 1.2926. After that, buyers may focus on the 1.2980 level.
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