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Daily Market Analysis 05|05|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.39338 with take profit at 1.39489. Bearish Preference: Sell position is envisaged if price trades below 1.38820 with take profit at 1.38693. Fundamentals:None with high Impact Comment: The dollar pushed higher Wednesday, boosted by talk of higher U.S. higher interest rates while a selloff in tech …

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