Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.20013 with take profit at 1.20178
Bearish Preference:
Sell position is envisaged if price trades below price 1.19466 with take profit at 1.19310
Fundamentals:
3:15pm GBP BOE Gov Bailey Speaks
Comment:
GBP/USD fell 0.4%, with the political uncertainty surrounding the ruling Conservative party’s choice of their next leader and prime minister weighing on sterling.
Analysis: SCRUM Team