#OPINIONLEADER# Currency call summary video 04 08 2021: GBPUSD is a potential sell trade if price rejects the 1.400 resistance level with additional confirmation of the short thesis if there is dovish comments from the BoE with the release of the MPC Meeting Minutes at 19:00 GMT+8. Based on the next support level a 30 pip stop loss and 120 pip take profit is on appropriate, alternatively if the comments from the BoE are hawkish then we could see price break through 1.400 and a buy trade opportunity is possible using a 40 pip stop loss and 80 pip take profit. The EURGBP is currently trending side ways and is posing difficult for identifying a directional bias therefore leaving this for now until more clarity is seen from the EURUSD. US news at 20:15 & 22:00 that could offer a break out opportunity on the US dollar, also on Friday high impact news is out from 20:30 GMT+8 with Average Hourly Earnings (MoM) (July), Nonfarm Payrolls (July), Participation Rate and Unemployment rate therefore more direction is likely to be seen from the DXY here as it's been holding a tight range so far this week with volatility but no breaks significantly over or under 92.00.