GBP/USD: The pair is trading with clear dovish bias as the British Pound lost a significant chunk of its gains made from a recent decline in USD’s strength. As risk aversion bloomed in European market hours and Greenback firmed ahead of the Fed meeting, the price is now down from 1.27 handle and Rangebound in the lower half of 1.26 price range. Traders now await cues from US Fed meeting and macro data for short term profit opportunity and directional bias.

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