Instrument: GBPUSD
Bullish Preference:
A buy position is envisaged if the price trades above 1.27293 with take profit at 1.27437
Bearish Preference:
A sell position is envisaged if the price trades below 1.26987 with take profit at 1.26838
Fundamentals:
No major Fundamentals
Comment:
British retailers reported a bigger-than-expected drop in sales in July as heavy rain put off shoppers who also feel the hit from high inflation and 14 back-to-back increases in interest rates.
Analysis: SCRUM Team