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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy is envisaged if price trades above 1.33980 with take profit at 1.34664.
Bearish Preference:
Sell is envisaged if price trades below 1.33297 with take profit at 1.32587.
Fundamentals:
No Fundamentals
Comment: Fundamentally the pounds has seen some boost as investors see that a brexit deal is very possible soon, for this sole reason the pounds has seen a boost, also the instability in the US and the rise in COVID cases has made the bust very unattractive to invest in. Technically on the H1 we see that the instrument is trading above the 50 and 200 EMA, for price to go bearish we should expect price to trade below those moving averages.
Analysis: SCRUM Team
