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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1.24456 with take profit at 1.24571.
Bearish Preference:
A sell position is envisaged if the price trades below price 1.24269 with take profit at 1.24145.
Fundamentals:
None with High Impact
Comment:
The U.S. dollar edged higher in early European trade Monday, but was on track for a second straight monthly loss ahead of the release of more economic data which is likely to shed more light on the future path of interest rates.
Analysis: SCRUM Team
