Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.38970 with take profit at 1.39091.
Bearish Preference:
Sell position is envisaged if price trades below 1.38523 with take profit at 1.38323.
Fundamentals:
7:00pm USD FOMC Statement
Comment: The dollar was up on Wednesday morning in Asia ahead of the U.S. Federal Reserve’s latest policy decision and U.S. President Joe Biden’s address in front of a joint session of Congress, both due to take place later in the day.
Analysis: SCRUM Team