Skip to content 
Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.21228 with take Profit at 1.21359
Bearish Preference:
Sell position is envisaged if price trades below 1.20721 with take Profit at 1.20606
Fundamentals:
1:30pm USD Empire State Manufacturing Index
Comment:
U.S. inflation data was weaker than expected last week fueling investor hopes that the central bank could ease back on its aggressive tightening, even as a number of Fed policymakers seemed keen to continue the hawkish rhetoric.
Analysis: SCRUM Team
