Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.27460 with take profit at 1.27617
Bearish Preference:
Sell position is envisaged if price trades below 1.26918 with take profit at 1.26797
Fundamentals:
No major Fundamental.
Comment:
The U.S. dollar stabilized in early European trade Tuesday, but remained near a two-year high on demand for this safe haven as traders fretted about the impact on global growth from China’s COVID lockdowns while the Federal Reserve prepares for more aggressive tightening.
Analysis: SCRUM Team