Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.37248 with take profit at 1.37359.
Bearish Preference:
Sell position is envisaged if price trades below 1.36764 with take profit at 1.36563.
Fundamentals:
USD All Day Jackson Hole Symposium1:30pm USD Core PCE Price Index m/m
3:00pm USD Fed Chair Powell Speaks
Comment: GBP/USD is currently trying to get back above the resistance at 1.3710 while the U.S. dollar is losing ground against a broad basket of currencies due to sentiments from traders eagerly awaiting a speech from Federal Reserve Chairman Jerome Powell that could point to future central bank policy.
Analysis: SCRUM Team
