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Daily Market Analysis 11.02.2022: GBPUSD

Instrument: GBPUSD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1.35446 with take profit at 1.35563.
Bearish Preference: 
Sell position is envisaged if price trades below 1.35030 with take profit at 1.34923.
Fundamentals:
4:00pm USD Prelim UoM Consumer Sentiment

Comment: 
The dollar was up on Friday morning in Asia, with higher-than-expected U.S. inflation data and hawkish comments from a Federal Reserve policymaker accelerating expectations of aggressive interest rate hikes. However, similar pressures globally capped gains.

Analysis: SCRUM Team

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