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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.34356 with take profit at 1.34641.
Bearish Preference:
Sell position is envisaged if price trades below 1.33464 with take profit at 1.33179.
Fundamentals:
USD: 2:30PM Core PCE Price Index m/m
4PM Revised UoM Consumer Sentiment
Comment: GBP/USD suffered heavy losses on Thursday. The 1.3300 level is seen as the next bearish target – removal of which would open up the 1.3160/1.3130 price levels for the next bearish run.
Analysis: SCRUM Team
