Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.18577 with take profit at 1.18727
Bearish Preference:
Sell position is envisaged if price trades below 1.17913 with take profit at 1.17725
Fundamentals:
No high impact fundamental
Comment:
The U.S. dollar edged lower in early European trade Friday but was still heading for weekly gain as Federal Reserve officials pushed back on market expectations for an early end to the aggressive interest rate hikes to combat inflation.
Analysis: SCRUM Team