• GBP/USD edged lower on Tuesday as investors adopted a cautious stance ahead of the Bank of England’s policy decision later this week.
• Attention later this week will turn to the Bank of England's policy decision, where the central bank is expected to keep rates on hold, with investors watching for any signs of it moving towards raising rates later in the year.
• The BoE kept borrowing costs on hold in March as it waited to see the extent of the inflationary and growth hits from the conflict. With uncertainty still high, another no-change decision is expected on Thursday.
• Economists polled last week mostly expected an 8-1 vote by the MPC to keep Bank Rate at 3.75% this week after March's 9-0 vote. Unlike financial markets, they mostly do not foresee rate hikes this year
• Immediate resistance is located at 1.2540(50%fib), any close above will push the pair towards 1.3685(Higher BB)
• Strong support is seen at 1.3435(SMA 20) and break below could take the pair towards 1.3399(61.8%fib).
Recommendation: Good to buy around 1.3500, with stop loss of 1.3400 and target price of 1.3580


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ETHUSD Dip-Buy at 2300 as 55 EMA Hurdle Caps Rally; Upside Targets 2770/2880/3000 on 2500 BreakETHUSD dropped almost $100 from the small peak of $2405 that developed yesterday. It hit an intraday low of $2308 and is currently trading at roughly $2319. 



