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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.34479 with take profit at 1.34661.
Bearish Preference:
Sell position is envisaged if price trades below 1.34186 with take profit at 1.33998.
Fundamentals:
No Major Fundamental
Comment: The dollar was up on Tuesday morning in Asia. Meanwhile, the yen traded near a one-month low to the U.S. currency as uncertainty about the omicron COVID-19 variant was largely consigned to the background, and investors’ risk appetite improved. Traders will also keep an eye on the developments in U.S. government bond markets.
Analysis: SCRUM Team
