Instrument: GBPCAD
Bullish Preference:
Buy position is envisaged if price trades above 1.72649 with take profit at 1.172838.
Bearish Preference:
Sell position is envisaged if price trades below 1.72331 with take profit at 1.72159.
Fundamentals:
4:05pm
GBP BOE Gov Bailey Speaks
Comment:
There are reports that inflationary pressures remain in the UK labor market and there was no way to cut interest rates from their 15-year high any time soon. We currently expect the BOE Governor’s speech by 4pm.
Analysis: SCRUM Team