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Daily Market Analysis 03.06.2022: GBPUSD

Instrument: GBPUSD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1.25926 with take profit at 1.26067
Bearish Preference: 
Sell position is envisaged if price trades  below 1.25486 with take profit at 1.25360
Fundamentals:
1:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate

Comment: 
The dollar wobbled toward its first steady week in three on Friday as traders looked to U.S. jobs data for clues as to how far and fast the Federal Reserve might raise interest rates.

Analysis: SCRUM Team

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