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Instrument: GBPUSD
Intraday: Bullish
Technical Analysis
Preference:
Buy position is envisaged if price trades above 1.25297 with take profit at 1.26046.
Alternative scenario:
Sell position is envisaged if price trades below 1.24632 with take profit at key level 1.24053.
Fundamentals:
USD 1:30pm
Average Hourly Earnings m/m
Non-Farm Employment Change
Unemployment Rate
Comment: European countries and stock market traded higher at the early hours of today after potential COVID 19 vaccine showed positive results. However, investors are still weary of the rising cases of Covid 19.
Despite that, this pair is envisaged to still trade higher till the NFP news coming up by 1:30pm today.
Analysis: SCRUM Team
