Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.36344 with take profit at 1.36472.
Bearish Preference:
Sell position is envisaged if price trades below 1.36008 with take profit at 1.35885.
Fundamentals:
No major fundamentals
Comment: The U.S. dollar hit a new 9-1/2-month high against major peers on Friday, buoyed by fears that the Delta coronavirus variant could delay the global economic recovery just as central banks begin to reverse pandemic-era stimulus. The dollar index, which measures the currency against six rivals, rose as high as 93.597 for the first time since early November, before trading little changed at 93.629. For the week it is on track to gain about 1%, the most in two months.
Analysis: SCRUM Team
