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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.35708 with take profit at 1.35876.
Bearish Preference:
Sell position is envisaged if price trades below 1.35196 with take profit at 1.35037.
Fundamentals:
2:30pm USD CPI m/m
USD Core CPI m/m
Comment: The dollar was up on Wednesday morning in Asia after a three-day loss, and was near a one-month low against the yen. Investors now await the latest U.S. inflation data that could provide a clue to the U.S. Federal Reserve’s timetable for interest rate hikes.
Analysis: SCRUM Team
