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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.25271 with take profit at 1.25419
Bearish Preference:
Sell position is envisaged if price trades below 1.24634 with take profit at 1.24462
Fundamentals:
1:30pm USD CPI m/m
USD Core CPI m/m
Comment:
The U.S. dollar inched lower in early European trade Friday, but remained largely on the front foot ahead of key U.S. inflation data and in the wake of the European Central Bank pointing to future interest rate hikes.
Analysis: SCRUM Team
