Instrument: GBPUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1.24688 with take profit at 1.24837.
Bearish Preference:
A sell position is envisaged if the price trades below price 1.24317 with take profit at 1.24196.
Fundamentals:
1:30pm
USD
Core PCE Price Index m/m
Employment Cost Index q/q
Comment:
The U.S. dollar edged higher in early European trade Friday, but was still on course for a monthly loss. Next up is the March core personal consumption expenditures index, the central bank’s preferred measure of inflation, which could be influential to the Fed’s interest rate decision.
Analysis: SCRUM Team