Daily Market Analysis 16.05.2022: GBPUSD
Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.22566 with take profit at 1.22884 Bearish Preference: Sell position is envisaged if price trades below 1.22077 with take profit at 1.21827 Fundamentals:3:15pm GBP Monetary Policy Report Hearings Comment: The U.S. dollar edged lower in early European trade Friday, but remained near a 20-year high with Federal …