Daily Market Analysis 05.10.2023: GBPUSD
Instrument: GBPUSD Bullish Preference: Buy position is envisaged if price trades above 1.21489 with take profit at 1.21654. Bearish Preference: Sell position is envisaged if price trades below 1.21167 with take profit at 1.21058. Fundamentals:1:30pm USD Unemployment Claims Comment: The dynamics of the USD have been significantly influenced by expectations of a hawkish Federal Reserve. This has been further compounded …