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GBPUSD: Daily Analysis & Setup update

A downside surprise in the U.S. ISM manufacturing PMI report and a lack of push back on the market’s recent dovish shift from Federal Reserve Chair Jerome Powell kept sterling trading around its best levels in two-months on Friday and left longs with reasons to continue aiming higher.

Now that the Fed will enter the blackout period, a lack of push back from Powell suggests that the path of least resistance is tilted to the downside for the greenback in the lead up to the December policy meeting.

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