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Instrument: GBPUSD
Bullish Preference:
Buy position is envisaged if price trades above 1.22075 with take profit at 1.22188.
Bearish Preference:
Sell position is envisaged if price trades below 1.21817 with take profit at 1.21686.
Fundamentals:
1:30pm
USD Final GDP q/q
USD Unemployment Claims
9:00pm
USD Fed Chair Powell Speaks
Comment:
Federal Reserve Bank of Minneapolis President Neel Kashkari and several other Fed voices cautioned markets on Wednesday about the possibility of more hikes due to ongoing economic strength in the U.S. This cautionary tone coincides with surprising strength in recent U.S. economic data that defies investor expectations for a slowdown.
Analysis: SCRUM Team
