Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.41457 with take profit at 1.41585.
Bearish Preference:
Sell position is envisaged if price trades below 1.41097 with take profit at 1.40977.
Fundamentals:
1:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment: The dollar index held near a three-week high on Friday and currency markets were subdued as traders waited for U.S. non-farm payrolls data later in the session.
Currency investors are looking for indications of the strength of the U.S. economic recovery and the possibility of the Federal Reserve tightening its monetary policy, which is seen as positive for the dollar.
Analysis: SCRUM Team
