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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.38094 with take profit at 1.38250.
Bearish Preference:
Sell position is envisaged if price trades below 1.37661 with take profit at 1.37498.
Fundamentals:
12:00pm GBP MPC Member Vlieghe Speaks
Comment: The dollar edged lower in early European trading Monday, but remained at elevated levels ahead of this week’s important policy meeting by the U.S. Federal Reserve. Technically, At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 92.885, just below the 3 1/2-month high of 93.194 seen last week.
Analysis: SCRUM Team
