Instrument: GBPUSD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 1.18385 with take profit at 1.18567
Bearish Preference:
A Sell position is envisaged if price trades below price 1.17844 with take profit at 1.17699
Fundamentals:
None with high impact.
Comment:
The dollar climbed to fresh highs Monday, with Federal Reserve policymakers retaining a hawkish stance over monetary policy ahead of the central bank’s Jackson Hole Symposium later this week.
Analysis: SCRUM Team