Instrument: GBPUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1.24907 with take profit at 1.25059
Bearish Preference:
A sell position is envisaged if the price trades below 1.24487 with take profit at 1.24314
Fundamentals:
1:30pm
USD Advance GDP q/q
USD Unemployment Claims
Comment:
The U.S. dollar weakened in early European trade Thursday ahead of the release of key U.S. growth data, amid concerns over banking contagion risks, a slowing economy and a debt ceiling standoff.
Analysis: SCRUM Team