Instrument: GBPUSD
Technical Analysis
Bearish Preference:
A Sell position is envisaged if price trades below 1.41257 with a take profit at 1.41032.
Bullish Preference:
A Buy position is envisaged if price trades above price 1.41621 with take profit at price 1.41828.
Fundamentals:
USD: FOMC Member Bostic Speaks (2:30)
USD: Core Durable Goods Orders m/m (2:30)
Comment: Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
More so Change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation rising purchase orders signal that manufacturers will increase activity as they work to fill the orders will in turn build the economy.
Analysis: SCRUM Team
