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Daily Market Analysis 29/12/2021: GBPUSD

Instrument: GBPUSD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1.34400 with take profit at 1.34520.
Bearish Preference: 
Sell position is envisaged if price trades below 1.34064 with take profit at 1.33948.
Fundamentals:
No Major Fundamental

Comment: The dollar traded largely unchanged early in the European session Wednesday, struggling for direction in holiday-thinned volumes, but looks set for a strong 2022.

Analysis: SCRUM Team

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