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Daily Market Analysis 12/10/2021: GBPUSD

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Daily Analysis / Online Education

Daily Market Analysis 12/10/2021: GBPUSD

Instrument: GBPUSD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1.36326 with take profit at 1.36421
Bearish Preference: 
Sell position is envisaged if price trades below 1.36046 with take profit at 1.35909
Fundamentals:
3:00pm USD JOLTS Job Openings
4:15pm USD FOMC Member Clarida Speaks
6:01pm USD 10-y Bond Auction

Comment: The dollar was little changed in early trading in Europe Tuesday but still firmly in an upward trend, supported by rising long-term interest rates and by high demand from commodity buyers. Vacancies are also at record levels in the U.K., topping 1 million for the first time in August, according to data released early Tuesday. The Office for National Statistics also recorded a 235,000 rise in employment in the three months through August, meaning that more people are now in work in the U.K. than in February 2020.

Analysis: SCRUM Team

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