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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.32824 with take profit at 1.32963.
Bearish Preference:
Sell position is envisaged if price trades below 1.32448 with take profit at 1.32295.
Fundamentals:
8:00am GBP CPI y/y
1:00pm GBP BOE Gov Bailey Speaks
Comment:
The dollar was up on Wednesday morning in Asia. The GBP/USD pair surrendered its modest intraday gains to the two-and-half-week high and retreated closer to the daily low. The pair was nearly unchanged for the day and had a rather muted reaction to the UK consumer inflation figures.
Analysis: SCRUM Team
