UK CPI m/m on Tue, Jan 19, 2010

UK CPI m/m on Tue, Jan 19, 2010

04:30 New York Time

17:30 Singapore Time

09:30 London Time (GMT)

Previous was 1.9

Expected to be 2.6 this time.

If UK CPI > 2.8, buy GBP/USD. Profit target 30 pips.

If UK CPI less than 2.4, sell GBP/USD. Profit target 30 pips

GBP/USD price as at 07:48 GMT is 1.6415/20.

Current Trend of GBP/USD:-

M5 -> down

M15 -> up

H1 -> up

D1 -> up

Besides GBP/USD, you might take a look at GBP/JPY too.