FX MARKET REPORT 19.05.2021

GBP/USD remains confined in a range below 1.4200 mark post-UK CPI • Commerzbank: GBP/USD to Break above 1.4238/45 towards 1.4377 • EUR/USD: Bulls on the runway to test 1.2250 amid bullish MACD • Dollar holds fast before Fed, bitcoin crumbles on China risk

GBP/USD 1.4191
GBP/EUR 1.1591
EUR/USD 1.2241
GBP/JPY 154.63

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GBP/USD remains confined in a range below 1.4200 mark post-UK CPI • Commerzbank: GBP/USD to Break above 1.4238/45 towards 1.4377 • EUR/USD: Bulls on the runway to test 1.2250 amid bullish MACD • Dollar holds fast before Fed, bitcoin crumbles on China risk GBP/USD 1.4191 GBP/EUR 1.1591 EUR/USD 1.2241 GBP/JPY 154.63 — This episode is…