Cable is consolidating after 0.6% drop on Thursday, as bears faced headwinds at 1.2400 zone, prompting some profit-taking. Upticks seen as price adjustment ahead of fresh push lower and expected to stall under 1.2470 zone (5DMA / broken Fibo 23.6% of 1.1802/1.2679), to offer better levels for attack at strong supports at 1.2344/35 (Fibo 38.2% […]
The post GBP/USD: Bears to Position for Attack at Key Supports appeared first on Action Forex.
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