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Jul 28 - 08:55 AM

GBP/USD - Respects 1.39 Resistance Level Pre-Fed Event Risk

By Rob Howard  —  Jul 28 - 08:09 AM
  • Cable holds below 1.39 as market awaits Fed policy statement nL1N2P30V1

  • Offers pre-1.39 kept a lid on GBP/USD gains during the Ldn am nL1N2P40II

  • Sell orders just shy of 1.39 also capped Tuesday's fix flow-fuelled rise

  • USD could rally if the Fed statement at 1800GMT is less dovish than expected

  • 1.3861, 1.3833, 1.3800 and 1.3768 (Tuesday's low) are GBP/USD support points

  • UK PM wants U.S. travellers back as restrictions set to ease nL8N2P429W

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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