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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.24593 with take profit at 1.24825
Bearish Preference:
Sell position is envisaged if price trades below 1.24027 with take profit at 1.23786
Fundamentals:
1:30pm USD Philly Fed Manufacturing Index
USD Unemployment Claims
Comment:
Fed Chair Jerome Powell had said earlier in the week that the U.S. central bank would push interest rates as high as needed to stem a surge in inflation, and weak U.S. housing data on Wednesday added to slowdown concerns.
Analysis: SCRUM Team
