Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.35279 with take profit at 1.35412
Bearish Preference:
Sell position is envisaged if price trades below 1.34754 with take profit at 1.34651
Fundamentals:
4:45pm USD FOMC Member Waller Speaks
Comment: The dollar was up on Friday morning in Asia, and is poised to post a second week of gains against the euro. The focus is now on when central banks will begin hiking interest rates in response to rising inflation. GBP/USD pair inched down 0.01% to 1.3486. Bets that the Bank of England will hike interest rates in December are mounting as inflation rose to a 10-year high in October.
Analysis: SCRUM Team