Instrument: GBPUSD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 1.19945 with take profit at 1.20082
Bearish Preference:
A Sell position is envisaged if the price trades below 1.19560 with take profit at 1.19303
Fundamentals:
No major fundamental
Comment:
The dollar last week posted its fourth consecutive week of gains and is set to end a four-month losing streak, after the Fed’s preferred gauge of inflation, the core personal consumption expenditures price index, rose 0.6% on the month in January, data on Friday showed, higher than the 0.4% expected.
Analysis: SCRUM Team
