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GBP/USD await breakout !!!

The GBP/USD spot is largely stuck between the two key Fibo levels. Given the economic calendar is light; there is very little incentive for traders to jump onto either side ahead of the US non-farm payrolls release.
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The UK consumer inflation expectations figure could be ignored as well, since falling inflation expectations is a well know facts. Hence, sideways action may continue unless we have a major shift in the equity market sentiment ahead of the payrolls release.

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