• GBP/USD traded in narrow range on Thursday as attention shifted to a speech from Federal Reserve Chair Kevin Warsh at Jackson Hole on Friday.
• The Kansas City Fed’s annual Jackson Hole symposium is scheduled for August 27-29, with markets focused on Kevin Warsh’s keynote remarks..
• Market participants will closely scrutinize Warsh’s remarks for clues on the Federal Reserve’s policy outlook for the remainder of the year.
• Markets will focus next week on Parliament’s resumption and potential funding plans for the Andy Burnham administration’s policies ahead of the October budget.
• Immediate resistance is located at 1.3671(23.6%fib), any close above will push the pair towards 1.3714(Higher BB)
• Strong support is seen at 1.3532(38.2%fib) and break below could take the pair towards 1.3415(50%fib).
Recommendation: Good to sell around 1.3600, with stop loss of 1.3650 and target price of 1.3530
