Instrument: GBPUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1.22174 with take profit at 1.22426.
Bearish Preference:
A sell position is envisaged if the price trades below price 1.21555 with take profit at 1.21323
Fundamentals:
None with high impact.
Comment:
The U.S. dollar slipped lower in early European trade Friday and riskier currencies rallied on easing concerns about a global banking crisis. The foreign exchange market has seen a relief rally after a number of large U.S. banks injected $30 billion in deposits, supporting this regional bank which had been caught up in the backwash of the collapse of two other smaller U.S. banks over the past week.
Analysis: SCRUM Team
