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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.38808 with take profit at 1.38938.
Bearish Preference:
Sell position is envisaged if price trades below 1.38590 with take profit at 1.38473.
Fundamentals:
None with high Impact
Comment: The Federal Reserve Chair Jerome Powell made his best efforts to say price rises are temporary. On the other hand, political uncertainty from several fronts weighs on sterling.
All in all, the dollar has room to resume its gains while the pound will likely remain under pressure – at least until Thursday’s elections.
Analysis: SCRUM Team
