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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.37806 with take profit at 1.37900.
Bearish Preference:
Sell position is envisaged if price trades below 1.37519 with take profit at 1.37416.
Fundamentals:
1:30PM US Advance GDP q/q
Comment: GBPUSD is currently trying to get back above 1.3745 while the U.S. dollar is flat against a broad basket of currencies. Traders will focus on the economic data from U.S. Analysts expect that third-quarter GDP Growth Rate report will indicate that GDP increased by 2.7% on a quarter-over-quarter basis.
Analysis: SCRUM Team
