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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.23472 with take profit at 1.23680
Bearish Preference:
Sell position is envisaged if price trades below 1.22325 with take profit at 1.22137
Fundamentals:
No Major Fundamental
Comment:
U.K. manufacturing activity is slowing more sharply than expected as persistent price pressures take their toll on manufacturers and service companies alike, according to a closely-watched business survey published on Thursday. However, the larger services sector held up better than expected, thanks to what S&P called “a sustained recovery in events and other areas of face-to-face consumer spending.
Analysis: SCRUM Team
