Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.37233 with take profit at 1.37351.
Bearish Preference:
Sell position is envisaged if price trades below 1.36915 with take profit at 1.36793.
Fundamentals:
1:30pm USD Core Durable Goods Orders m/m
Comment: The Pound (GBP) is trading level against the US Dollar (USD) this morning as both currencies face headwinds. USD investors are waiting with baited breath upon the outcome of the Jackson Hole Symposium, which may be used as an opportunity to review US monetary policy.
Analysis: SCRUM Team
