Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.36616 with take profit at 1.36766.
Bearish Preference:
Sell position is envisaged if price trades below 1.36025 with take profit at 1.35817.
Fundamentals:
No major fundamental.
Comment: The dollar traded at multi-month highs in Europe Tuesday, continuing to benefit from its safe haven status amid concerns rising Covid-19 will hinder the global economic recovery.
Do not travel to the UK – that is the message from US authorities in response to the surge in COVID-19 cases in the UK. Putting Britain in Level Four may have also come as fears of an even quicker spread of the Delta variant have risen.
Analysis: SCRUM Team
