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Cable bulls keep buying dips ahead of FOMC meeting – GBP/USD Market Outlook – 27/01/2021


The Cable bulls are attempting to break above the 1.3745 resistance, eyeing the 1.38 level, disregarding the covid-19 death toll crossing 100,000 in the UK. The FOMC press conference is under the spotlight today, as traders are wondering if the Fed will keep the dovish tone, or surprises the market with an early scaling back of stimulus. Bulls must hold the price above 1.37 to keep the momentum going.

Support: 1.37 / 1.3615
Resistance: 1.3745 / 1.38

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/cable-bulls-keep-buying-dips-ahead-of-fomc-meeting-gbp-usd-market-outlook-27-01-2021
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