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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.31147 with take profit at 1.31314.
Bearish Preference:
Sell position is envisaged if price trades below 1.30617 with take profit at 1.30456
Fundamentals:
7:00pm USD FOMC Meeting Minutes
Comment:
The Fed raised interest rates by 25 basis points last month, its first increase since 2018, and expectations have been building that the central bank will move more aggressively at its meeting in May.
Analysis: SCRUM Team
