Instrument: GBPUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above 1.14034 with take profit at 1.14171
Bearish Preference:
A sell position is envisaged if price trades below price 1.13715 with take profit at 1.13559
Fundamentals:
None with high impact
Comment:
The U.S. dollar edged higher Monday, remaining near a 20-year high at the start of a week dominated by a number of central bank meetings, including a crucial Federal Reserve gathering. The Fed isn’t the only central bank meeting this week – policymakers in the U.K., Switzerland, Norway and Japan will also meet during the week as the global fight against inflation intensifies.
Analysis: SCRUM Team
