#GBPUSD - 18 Jan

I gave 1.2680 as a strong level if price goes up first but instead GBPUSD made a fake break of the strong level below before rallying on hot UK CPI number. It hit 1.2680 and came down for a good 40 pips but i closed near the highs.

Overall price action turned bullish though trend is still down. Looking for a possible pullback, with 1.2658 and 1.2625 as two levels to watch for the move higher to target 1.2735 and 1.2757.