Fundamentals & Sentiment
GBP:
- Services Inflation is at 5.7% (BoE exp. 5.1%; the BoE watches the metric)
Cons: GBP is stretched to the upside according to CFTC
USD:
- Fed's stance is stable: wait and see
- Weak Services PMI, Employment, Factory Orders
- Disinflation overall
Technical & Other
Setup: TC(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Up
Long-term: Up
Min target: ~1.31
Risk: 0.26%