fbpx

Daily Market Analysis 07.04.2022: GBPUSD

Instrument: GBPUSD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1.31136 with take profit at 1.31320
Bearish Preference: 
Sell position is envisaged if price trades below 1.30673 with take profit at 1.30562
Fundamentals:
1:30pm USD Unemployment Claims

Comment: 
The U.S. dollar edged lower in early European trade Thursday but still remained close to a two-year high after minutes from the last Federal Reserve meeting showed policymakers were preparing to move aggressively to head off inflation. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 99.520, just below Wednesday’s high of 99.78 which was its highest since May 2020.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published. Required fields are marked *

×
Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Compare
Wishlist 0
Open wishlist page Continue shopping