Instrument: GBPUSD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 1.36150 with take profit at 1.36364.
Bearish Preference:
A Sell position is envisaged if price trades below price 1.35633 with take profit at 1.35476.
Fundamentals:
1:15PM USD ADP Non-Farm Employment Change
Comment: The pound has brushed off the weak tone that sent the pair plunging in late September, as the investors turned their focus from the fuel shortages and supply chain restrictions in the UK to the expectations that the Bank of England could be the first major central bank to hike raes after the COVID-19 crisis.
Analysis: SCRUM Team