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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.38452 with take profit at 1.38617.
Bearish Preference:
Sell position is envisaged if price trades below 1.37804 with take profit at 1.37610.
Fundamentals:
GBP 9:00 AM BOE Gov Bailey Speaks
9:30 AM Final Manufacturing PMI
USD 1:30 PM Unemployment Claims
3:30 PM ISM Manufacturing PMI
Comment: The dollar consolidated around multi-month highs against its major peers as traders await Friday’s key employment report for clues about future Federal Reserve policy.The dollar received a boost on Wednesday as data showed U.S. companies hired more new employees than expected in June, adding to signs that the nation’s labor market is recovering strongly.
Analysis: SCRUM Team
