Forex Today: Trump stokes tensions with China, euro licking its wounds, ADP Non-Farm Payrolls eyed

Here is what you need to know on Wednesday, May 6: The market mood is mixed with the dollar and yen consolidating their gains while oil is on the back
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GBP/USD: Short-term in place below 1.2370 – UOB

Cable’s outlook remains positive, although a breach of 1.2370 should leave recent highs beyond 1.2600 as interim tops, suggested FX Strategists at UOB
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