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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.35153 with take profit at 1.35298.
Bearish Preference:
Sell position is envisaged if price trades below 1.34593 with take profit at 1.34427.
Fundamentals:
1:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment: GBP/USD lost 1.3% on Thursday and registered its largest one-day loss in more than a year. Rounding off a week of central bank policy decisions, the Bank of England (BOE) kept interest rates steady at 0.10% as it handed down its decision on Thursday. However, the surprise move caught the market off-guard and saw the pound headed for its worst week in 11.
Analysis: SCRUM Team
