Instrument: GBPUSD Technical Analysis Bullish Preference: A buy is envisaged if price trades above 1.33989 with take profit at 1.34089. Bearish Preference: A sell is envisaged if price trades below 1.33252 with take profit at 1.33049. Fundamentals:USD CB Consumer Confidence 4PM Comment: The pound is staying close to a near 12-week high against the dollar thanks to investor bets that the …
Instrument: GBPUSD Technical Analysis Bearish Preference: A sell is envisaged when price trades below 1.32241 with take profit at 1.32041 Bullish Preference: Buy if price trades above 1.32738 with take profit at 1.32938 Fundamentals:No Major fundamental(s). Comment: The U.S. dollar continues to lose ground against a broad basket of currencies. Today, foreign exchange market traders will focus on Brexit news and …
Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.27199 with take profit at key level 1.27849. Alternative scenario: Sell if price trades below 1.26698 with take profit at 1.26148. Fundamentals:No Fundamentals. Comment: The EU passed a post pandemic stimulus plan for their corona-virus-hit economies on Tuesday after a fractious summit that lasted …
Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 1.12424 with take profit at 1.12805. Alternative scenario: Sell is in order if price trades below 1.11758 with take profit at 1.11698. Fundamentals:ALL DAY EUR Economic Summit Comment: Technically price is at a proven support and sentiments seems to favour the EUR today given fundamentals from …
