📊TECHNICAL ANALYSIS ON 4-HOUR TIMEFRAME
The GBPUSD pair succeeded to achieve our first waited target at 1.2015 and bounced upwards clearly to attack 1.2110 level and settles above it now, to stay aside until the price confirms its situation according to this level followed by detecting the next destination clearly. Note that confirming the breach will lead the price to achieve additional gains that targets testing 1.2195 direct, while consolidating below it will push the price to resume the main bearish trend that its next main target located at 1.1910.
📊QUICK FUNDAMENTAL LOOK
The US dollar declined against its major trading partners early Wednesday ahead of a busy data of data and Federal Reserve speakers. The highlight of the day will be the ADP private payrolls report for September at 8:15 am ET, followed by services conditions readings from S&P Global and the Institute for Supply Management for September at 9:45 am ET and 10:00 am ET, respectively.
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