Cable rose 0.5% on Friday morning and cracked psychological 1.3500, hitting the highest since February 2022. Fresh acceleration higher was sparked by upbeat UK retail sales, which strongly beat forecasts in April and boosted risk sentiment. Bullish continuation pattern is developing on weekly chart as cable broke through key resistances at 1.3434/44 (2024/2025 tops), with […]
The post GBP/USD: Cracks 1.3500 Barrier and Hits a Multi-Month High on Upbeat UK Economic Data appeared first on Action Forex.
