Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.35647 with take profit at 1.35827 .
Bearish Preference:
Sell position is envisaged if price trades below 1.35116 with take profit at 1.34951.
Fundamentals:
2:30pm CAD Employment Change
CAD Unemployment Rate
USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment: The U.S. dollar edged lower in early European trade Friday, but remains largely in favor ahead of the release of the monthly official U.S. employment report which could reinforce the case for early Federal Reserve interest rate hikes.
Analysis: SCRUM Team