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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.35446 with take profit at 1.35563.
Bearish Preference:
Sell position is envisaged if price trades below 1.35030 with take profit at 1.34923.
Fundamentals:
4:00pm USD Prelim UoM Consumer Sentiment
Comment:
The dollar was up on Friday morning in Asia, with higher-than-expected U.S. inflation data and hawkish comments from a Federal Reserve policymaker accelerating expectations of aggressive interest rate hikes. However, similar pressures globally capped gains.
Analysis: SCRUM Team
