GBP/USD Eyes 1.3 Handle With US CPI on Tap - Key Entry, Exit Levels to Monitor

Forex Analysis by Fawad Razaqzada covering: GBP/USD, US Dollar Index Futures. Read Fawad Razaqzada's latest article on Investing.com

has been in a holding pattern so far this week after dropping last week following the publication of mostly weaker US data. The weaker dollar last week sent theabove the 1.28 handle to end the week solidly in the black, ahead of a busy week for the cable this week.

Short-term support is seen around 1.2815/20, marking last week’s high, when the pair formed a large thrust candle. Key support is now seen around the 1.2700 handle, which marks the breakout area.

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