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GBPUSD Technical Analysis - Watch this key short-term resistance

The Fed hiked interest rates by 25 bps yesterday as expected and left the policy statement unchanged. The market wanted to see if Fed Chair Powell could offer some hints on their next moves, but unfortunately, he just repeated that they are data dependent and that all options are on the table for the September meeting. Conversely, the UK CPI last week missed expectations across the board and triggered a big repricing in interest rates expectations. In fact, the market was pricing a higher chance... Read More

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Content Topics

Gbpusd

Technical

Analysis

Watch

This

Short

Term

Resistance

Short term

Forex

Posted: Jul 27 2023, 10:40

Author Name: forexlive

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