Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if the price trades above 1.16391 with take profit at 1.16618
Bearish Preference:
Sell position is envisaged if the price trades below 1.15759 with take profit at 1.15570
Fundamentals:
None with high impact
Comment:
GBP handed back some of the week’s near 2% gains on optimism that new British Prime Minister Rishi Sunak will adopt a more fiscally prudent stance than his predecessor Liz Truss set out in her brief tenure.
Analysis: SCRUM Team