Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.39338 with take profit at 1.39489.
Bearish Preference:
Sell position is envisaged if price trades below 1.38820 with take profit at 1.38693.
Fundamentals:
None with high Impact
Comment: The dollar pushed higher Wednesday, boosted by talk of higher U.S. higher interest rates while a selloff in tech stocks raised its safe haven appeal. This bounce in the dollar came in the wake of comments from U.S. Treasury Secretary Janet Yellen suggesting rate hikes may be needed in the near future.
Analysis: SCRUM Team