GBPUSD pair has been in a sideways position for the last month, with the lower bound at 1.3 and the upper bound at 1.315. In expectation of meetings of Fed on May 4 and Bank of England on May 5, traders are not prone to active operations.
Additional stability to the support of 1.3 is given by the lower Bollinger band, from which short-term buy GBPUSD may be reasonable with fixed profit if the price reaches the middle Bollinger band or the upper bound of the flat at 1,315.
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