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Intraday: Bullish
Technical Analysis
Preference:
BUY position is envisaged if price trades above 1.26660 with take profit at 1.26987.
Alternative scenario:
SELL position is envisaged if price trades above 1.26111 with take profit at 1.25756.
Fundamentals:
ADP Non-Farm Employment Change (US) 1:15 PM
Comment: The Cable has been strengthened in the last set of days and it has eventually broken the 12600 region; this has been buoyed by bad sentiments from the dollar and is in a price position to go even higher.
Analysis SCRUM Team
