Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.35413 with take profit at 1.35542 .
Bearish Preference:
Sell position is envisaged if price trades below 1.35041 with take profit at 1.34871.
Fundamentals:
2:15pm USD ADP Non-Farm Employment Change
Comment: The dollar was carrying a couple of bruises on Wednesday as Federal Reserve officials played down the chance of a half-point rate hike in March and a rally in global equity markets tarnished some of its safe-haven allure.
Analysis: SCRUM Team