GBP is proving strong even after slightly lower CPI. Strong dollar news of PPI and Yellen could not get it to close lower than 1.2460. Recent close of the last 4 x 4 hour candles were higher than the previous low from 10th Feb and a new high was created at 6am this morning. Weekly candles are bullish suggesting a double bottom was created. Squeeze pattern starting to appear on 4hr - potential to go either way, however I am long based on Weekly double bottom.
SL under 1.2435 Entered at 1.2470 TP of 1.2540 Further TP of 1.2680