Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.32182 with take profit at 1.32319.
Bearish Preference:
Sell position is envisaged if price trades below 1.31909 with take profit at 1.31670.
Fundamentals:
No major fundamental
Comment: The dollar rose in early European trade Monday, climbing close to its recent high, as the Federal Reserve pointed to early rate hikes while Europe struggles with surging Omicron cases. the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.1% to 96.595, not far from last month’s peak of 96.938, the highest since July 2020.
Analysis: SCRUM Team