Bullish View

• Set a buy-stop at 1.2292 and a take-profit at 1.2400.
• Add a stop-loss at 1.2100.
• Timeline: 2 days.

Bearish View

• Set a sell-stop at 1.2163 and a take-profit at 1.2080.
• Add a stop-loss at 1.2250.

The GBP/USD price jumped to the highest level since August 2nd after the latest American inflation data. It rose to a high of 1.2275, which was about 2.2% above the lowest level this month. It has risen by 5.2% from the year-to-date low.