Daily Market Analysis 31|03|2021: GBPUSD

Daily Analysis / Online Education

Daily Market Analysis 31|03|2021: GBPUSD

Instrument: GBPUSD

Technical Analysis

Bullish Preference: 
Buy position is envisaged  if price trades above 1.37641 with take profit at 1.37762.
Bearish Preference: 
Sell position is envisaged if price trades below 1.37315 with take profit at 1.37155.
1:15pm USD ADP Non-Farm Employment Change

Comment:  The dollar handed back some gains in early European trading Wednesday as bond yields edged off highs, but remained in demand as fiscal stimulus and an aggressive vaccine rollout are seen prompting a strong U.S. economic recovery.

Analysis: SCRUM Team

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