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Daily Market Analysis 26.01.2022: GBPUSD

Instrument: GBPUSD

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 1.35240 with take profit at 1.35360.
Bearish Preference: 
Sell position is envisaged if price trades below 1.34873 with take profit at 1.34723.
Fundamentals:
8:00pm USD FOMC Statement
8:30pm USD FOMC Press Conference


Comment: Although the pre-Fed anxiety becomes the key burden weighing down the pair prices, downbeat concerns over Brexit and the UK politics also exert an additional downside burden on the GBP/USD prices.

Analysis: SCRUM Team

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