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Daily Market Analysis 11|01|2021: GBPUSD

GBP_USD
Daily Analysis / Online Education

Daily Market Analysis 11|01|2021: GBPUSD

Instrument: GBPUSD

Technical Analysis

Bullish Preference: 
Buy is envisaged if price trades above 1.35155 with take profit at 1.35546.
Bearish Preference: 
Sell is envisaged if price trades below 1.34728 with take profit at 1.34312.
Fundamentals:
No Fundamentals

Comment: The buck had some strength last week Friday as this could be attributed to data’s that favored the USD, we saw average hourly earning m/m increase from 0.2% to 0.8%, also employment rate dropping to 6.7%. This report shows that the U.S recovery is in place and the dollar economy is on its way to a full recovery.

Analysis: SCRUM Team

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