• Pair is currently trading range bound in between $1.5471-$1.5490. Yesterday pair made intraday high at $1.5587 levels and now supported below $1.55 level.
  • Market eagerly awaits UK CPI numbers as well as UK inflation report hearings.
  • BOE Governor Carney is also due to speak today later in a day.We prefer to stay short on GBPUSD with entry at $1.5545, Stop loss $1.5587, Target at $1.5256 levels.

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