fbpx

Daily Market Analysis 04/11/2021: GBPUSD

Instrument: GBPUSD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1.36438 with take profit at 1.36564.
Bearish Preference: 
Sell position is envisaged if price trades below 1.36191 with take profit at 1.36056.
Fundamentals:
1pm GBP Asset Purchase Facility
       GBP BOE Monetary Policy Report
       GBP MPC Asset Purchase Facility Votes
       GBP MPC Official Bank Rate Votes
        GBP Monetary Policy Summary
         GBP Official Bank Rate

Comment: The dollar rebounded on Thursday, recovering after the Federal Reserve repeated it saw high inflation as transitory while all eyes were on the Bank of England which could become the first major central bank to raise rates since the COVID-19 crisis.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published. Required fields are marked *

×
Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Compare
Wishlist 0
Open wishlist page Continue shopping