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Daily Market Analysis 27.04.2023: GBPUSD

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Instrument: GBPUSD

Technical Analysis

Bullish Preference: 
A buy position is envisaged if the price trades above 1.24907 with take profit at 1.25059
Bearish Preference: 
A sell position is envisaged if the price trades below 1.24487 with take profit at 1.24314
Fundamentals:
1:30pm
USD Advance GDP q/q
USD Unemployment Claims

Comment: 
The U.S. dollar weakened in early European trade Thursday ahead of the release of key U.S. growth data, amid concerns over banking contagion risks, a slowing economy and a debt ceiling standoff.

Analysis: SCRUM Team

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