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GBPUSD: Intraday Analysis & Setup update

Now that the dollar’s rally has stalled and traders are heavily invested in it, this may be the time to hedge the risk that the U.S. currency drops.

Although the start of the expected easing cycle in the United States has been pushed back, it is still anticipated. The first cut is eyed in either June or July. The amount of easing seen this year has been dramatically reduced from at least six 25 basis-point moves to potentially just two.

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