Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.37641 with take profit at 1.37762.
Bearish Preference:
Sell position is envisaged if price trades below 1.37315 with take profit at 1.37155.
Fundamentals:
1:15pm USD ADP Non-Farm Employment Change
Comment: The dollar handed back some gains in early European trading Wednesday as bond yields edged off highs, but remained in demand as fiscal stimulus and an aggressive vaccine rollout are seen prompting a strong U.S. economic recovery.
Analysis: SCRUM Team
