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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
