Hey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.28000 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.28000 support and resistance area. Trade safe, Joe.
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Perfect Rejection of the trend
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According to the NY Fed's inflation expectations survey, the one-year outlook is at 3%, while the three-year forecast is at 2.3%, the lowest level since 2013.