Instrument: GBPUSD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 1.20197 with take profit at 1.20389
Bearish Preference:
A Sell position is envisaged if the price trades below 1.19847 with take profit at 1.19731
Fundamentals:
4:00pm USD Fed Chair Powell Testifies
Comment:
The U.S. dollar slipped lower in early European trade Tuesday ahead of a testimony by Federal Reserve Chair Jerome Powell before U.S. Congress, while sterling gained after signs of a resilient housing market.
Analysis: SCRUM Team
