Cable was sharply down on Wednesday, losing 0.9% until early US session, as pound was weaker against all major counterparts. Fresh bears broke below the floor of the recent range (1.2684) and cracked key near-term supports at 1.2641/34 (Fibo 38.2% of 1.2307/1.2848 / rising 20DMA). Firm break of these levels would generate bearish signal for […]
The post GBP/USD: Cable Loses Ground and Dips Nearly 1% appeared first on Action Forex.
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