GBP/USD is likely to consolidate with a bullish bias Tuesday. The pair is supported by weaker dollar sentiment, although gains are tempered by decreased investor risk appetite as caution prevails ahead of Wednesday's policy announcement from the Federal Reserve. Daily chart is tilting positive as MACD indicator is in bullish mode, while the slow stochastic measure is turning bullish. Resistance is at 1.6147 (Monday's high); a breach would expose upside to 1.6184 (Oct. 21 high), then to 1.6226 (Oct. 9 high).
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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