Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.38967 with take profit at 1.39088.
Bearish Preference:
Sell position is envisaged if price trades below 1.38536 with take profit at 1.38440.
Fundamentals:
USD 3:00PM: FOMC Member Bostic Speaks
JOLTS Job Openings
FOMC Member Barkin Speaks
Comment: The dollar steadied in early European trading Monday, remaining near recent highs following Friday’s strong nonfarm payrolls release as traders priced in an early tightening of monetary policy by the U.S. Federal Reserve. Investors are positioning for the U.S. Federal Reserve to begin asset tapering earlier than scheduled thanks to the latest, better-than-expected U.S. jobs report.
Analysis: SCRUM Team
