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Daily Market Analysis 28|04|2021: GBPUSD

Instrument: GBPUSD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1.38970 with take profit at 1.39091.
Bearish Preference: 
Sell position is envisaged if price trades below 1.38523 with take profit at 1.38323.
Fundamentals:
7:00pm  USD FOMC Statement 

Comment:  The dollar was up on Wednesday morning in Asia ahead of the U.S. Federal Reserve’s latest policy decision and U.S. President Joe Biden’s address in front of a joint session of Congress, both due to take place later in the day.

Analysis: SCRUM Team

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