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GBP/USD: Bullish, 1.5720 target - UOB

FXStreet (Guatemala) - Analysts at UOB Group offered a trade set up in GBP/USD.

Key Quotes:

"Portfolio wise, the long GBP/USD at 1.5565 cash position which we initiated overnight started well, touching intra-day high of 1.5659 (hitting our first
target of 1.5640) before easing off back to entry later part of the session. We have since adjusted the target higher to 1.5720 while keeping the stop at 1.5460."

Oil trims Friday’s losses

Crude oil prices surged this Monday, with WTI futures erasing most of its Friday's losses. News over the weekend showed that Saudi Arabia’s crude oil exports fell to 7.276 million barrels per day in July from 7.365 million bpd in June, fueling speculation of further decline in global crude production and therefore boosting prices.
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EUR/USD: 1.1050 key bearish target - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the American dollar edged sharply higher across the board this Monday, with a shy advance at the beginning of the day becoming a strong recovery that erased all of its post-FED's losses.
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