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Daily Market Analysis 24.06.2022: GBPUSD

Instrument: GBPUSD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1.23472 with take profit at  1.23680
Bearish Preference: 
Sell position is envisaged if price trades  below 1.22325 with take profit at 1.22137
Fundamentals:
No Major Fundamental

Comment: 
U.K. manufacturing activity is slowing more sharply than expected as persistent price pressures take their toll on manufacturers and service companies alike, according to a closely-watched business survey published on Thursday.  However, the larger services sector held up better than expected, thanks to what S&P called “a sustained recovery in events and other areas of face-to-face consumer spending.

Analysis: SCRUM Team

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