Instrument: GBPUSD
Intraday: Bullish
Technical Analysis
Preference:
Buy position is envisaged if price trades above 1.27199 with take profit at key level 1.27849.
Alternative scenario:
Sell if price trades below 1.26698 with take profit at 1.26148.
Fundamentals:
No Fundamentals.
Comment: The EU passed a post pandemic stimulus plan for their corona-virus-hit economies on Tuesday after a fractious summit that lasted almost five days. Great Britain not a member country but a country in the region stand a chance to benefit from this boost to the region. Another boost to the pounds came as the German Foreign Minister Heiko Mass signaled that it was possible to reach a Brexit agreement between EU and Britain by October.
Analysis: SCRUM Team