fbpx

Daily Market Analysis 17/11/2021: GBPUSD

Instrument: GBPUSD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1.34811 with take profit at 1.34985
Bearish Preference: 
Sell position is envisaged if price trades below 1.34304 with take profit at 1.34176
Fundamentals:
8:00am GBP CPI y/y

Comment: The dollar was up on Wednesday morning in Asia, remaining near a 16-month peak. Investors also digested the latest U.S. economic data and raised bets for an earlier-than-expected interest rate hike from the U.S. Federal Reserve. Elsewhere in Europe, the U.K. releases its consumer price index later in the day, which could provide further support to the Bank of England tightening its monetary policy.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published.

×
Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Compare
Wishlist 0
Open wishlist page Continue shopping