Preference: Sell position is envisaged if price trades below 43.00 with take profit at 42.86.
Alternative scenario: Buy position is envisaged if price trades above 43.30 with take profit at 43.44.
No fundamental with direct impact on the commodity
Comment: Oil is trading sideways due to the pressure from the rising number of new COVID19 infections coupled with the easing decision from OPEC+. The commodity is envisaged to trade lower to the support level before some recovery to retest the 20EMA.
Preference: Sell position is envisaged if price trades below 1.25210 with take profit at key level 1.24862.
Alternative scenario: Buy position is envisaged if price trades above 1.25706 with take profit at 1.26014.
No fundamental with direct impact on the pair
Comment: The dollar strengthened between yesterday and today after news of positive outcomes on the COVID 19 Vaccine testing, hence, GBPUSD dropped. Technically, it got rejected at a resistance and it is envisaged to keep on dropping if it breaks the verified support.
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