GBP/USD unable to break new ground5At a daily high, the exchange rate has fallen back to1.2230nearby

Huitong Network10month18Daily News - Tuesday(10month18day)In the afternoon session of the Asian market, the pound was unable to break new ground against the US dollar5At a daily high, the exchange rate has fallen back to1.2230Nearby. The upcoming UK inflation data for the European period is highly anticipated.

Due to the significant weakening of the pound, import costs have surged, and the market expects the UK to9monthCPIThe year-on-year growth rate will reach0.9%, increased from previous values0.3Percentage points.

During the Americas period, the US side will also announce9monthCPIdata Market expectations for the United States9monthCPIStronger month on month0.1Percentage points to0.3%。
GBP took back gains during trading,9Expected Strong Monthly Inflation Data Confirms Rebound Signal

technical analysis

10month12On the day of trading, the exchange rate reversed its hammer line pattern and reached a high point on the same day1.2325Becoming the main target of the upcoming challenges for GBP bulls, with high-end follow-up pressures seen separately10Daily moving average1.2332as well as1.3437-1.2089section23.6%Split bit1.2407. Low level support at intraday low point1.2174Yesterday's low point1.2136and10month11Daily low point1.2089。

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