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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.20852 with take profit at 1.20976
Bearish Preference:
Sell position is envisaged if price trades below 1.20584 with take profit at 1.20440
Fundamentals:
No Major Fundamental
Comment:
The dollar climbed on Monday as protests in China against the government’s anti-COVID policies made investors turn away from riskier assets. Fed Chair Jerome Powell is due to speak on the outlook for the U.S. economy and the labour market at a Brookings Institution event on Wednesday, which could provide more clues on the outlook for U.S. monetary policy.
Analysis: SCRUM Team
